Question: help with part A!! eBook Video Calculator Problem 11-34 (a) (LO.5) Cecil, aged 45, is unmarried and is an active participant in a qualified retirement
eBook Video Calculator Problem 11-34 (a) (LO.5) Cecil, aged 45, is unmarried and is an active participant in a qualified retirement plan. His modified AGI (and compensation) is $70,000 in 2018. Click here to access Exhibit 11.3. Do not round Intermediate computations. a. Cecil can contribute 5,500 to his traditional IRA, and he can deducts/ OX. b. Assume instead that Cecil is a participant in a SIMPLE IRA and that he elects to contribute 5% of his compensation to the account, while his employer contributes 3%. Cecil will contributes 2,100. The amount that 3,500 to his SIMPLE IRA account. His employer will contribute 5,600 will vest immediately is s
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