Question: Need answer for D. D is NOT $6000 Mr. and Mrs. Davos file a joint tax return. Each spouse contributed $3,000 to a traditional IRA.
Need answer for D. D is NOT $6000
Mr. and Mrs. Davos file a joint tax return. Each spouse contributed $3,000 to a traditional IRA. Required: In each of the following cases, compute the deduction for these contributions. The AGI in each case is before any deduction. a. Neither spouse is an active participant in a qualified retirement plan, and their AGI is $124,500. b. Mr. Davos is an active participant, but Mrs. Davos is not. Their AGI is $124,500. c. Both spouses are active participants, and their AGI is $85,010. d. Mr. Davos is self-employed and doesn't have a Keogh plan. Mrs. Davos is an active participant. Their AGI is $109,400. (Do not round intermediate calculations.) Amount a. Deductible amount $ b. Deductible amount 6,000 3,000 6,000 C. Deductible amount $ d. Deductible amount
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