Question $1($Chapter $9)$

Kim, age $47,$ is a single filer. She has AGI of $$75,000$ and is an active participant in her employer's retirement plan.

$($a$)$ What's the maximum deductible amount that Kim may contribute to an IRA?

$($b$)$ Assume instead, that Kim is married to Dave and they file a joint return. Dave does not work. Their AGI is $$205,000.$

What's the maximum deductible amount that Kim may contribute to an IRA?

What's the maximum deductible amount that Dave may contribute to an IRA?

Question $2($Chapter $9)$

$($a$)$ Suzie is self$-$employed and travels from San Francisco to Sydney, Australia for a business trip. However, she also wants to explore the city and visit local attractions. Her itinerary is as follows:

Monday $-$ travel

Tuesday $-$ business

Wednesday $-$ business

Thursday $-$ site seeing

Friday $-$ business

Saturday $-$ travel

$1$

Suzie incurs the following expenses:

Airfare $-$ $$8,000$

Meals at restaurants $(6$ days at $$230$ per day$)-$ $$1,380$

Lodging $(5$ nights at $$395$ per night$)-$ $$1,975$

What is the deductible amount of:

Airfare?

Meals?

Lodging?

$($b$)$ What if everything remains the same, except Suzie spends Tuesday and Wednesday site seeing instead of working? What will be the deductible amount of:

Airfare?

Meals?

Lodging?