please determine the maximum 2022 401k contribution and IRA deduction for the following MFJ taxpayers with AGI
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Question:
please determine the maximum 2022 401k contribution and IRA deduction for the following MFJ taxpayers with AGI of $208,000. Tanya is 52 and participates in her employer's 401k. Tanya's husband Benny is 48 years old, currently unemployed and plans to make the maximum deductible contribution to his own IRA plan. Prepare your calculations and show all the calculations.
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