Question: Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth
Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan. How much can Michael contribute to a Roth IRA in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.)
A. Michaels AGI before the IRA contribution deduction is $54,500. Michael contributed $3,100 to a traditional IRA.
B. Michaels AGI is $85,000 before any IRA contributions.
C. Michaels AGI is $140,000 before any IRA contributions
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