Question: Ms . Ray is age 4 6 and single. This gear, Ms . Ray's retirement savings incladed a $ 2 , 8 9 5 employer

Ms. Ray is age 46 and single. This gear, Ms. Ray's retirement savings incladed a $2,895 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. Compute Ms. Ray's IRA deduction if current year income includes
a.50,000 salary.
5.81,250 salary.
c. $81,250 salary and $7.970 dividend income.

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