Question: Ms . Ray is age 4 6 and single. This year, Ms . Ray's retirement savings included a $ 2 , 4 3 0 employer

Ms. Ray is age 46 and single. This year, Ms. Ray's retirement savings included a $2,430 employer contribution to a qualified profit-sharing plan account, and a contribution by Ms. Ray to a traditional IRA. Ms. Ray contributed the maximum allowed.
Required:
Compute Ms. Ray's IRA deduction if current year income includes $50,800 salary.
Compute Ms. Ray's IRA deduction if current year income includes $81,360 salary.
Compute Ms. Ray's IRA deduction if current year income includes $81,360 salary and $7,630 dividend income.

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