Question: Required information Problem 1 3 - 6 8 ( LO 1 3 - 4 ) ( Static ) [ The following information applies to the

Required information
Problem 13-68(LO 13-4)(Static)
[The following information applies to the questions displayed below
William is a single writer (age 35) who recently decided that he needs to save more for retirement. His current year AGI before the IRA contribution deduction is \$80,000(all earned income).
Note: Leave no answers blank. Enter zero if applicable.
Problem 13-68 Part a (Static)
a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make for the current year? b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make for the current year?
Maximum deductible IRA contribution c. Assume he does participate in an employer-sponsored plan, and his AGI before the IRA contribution deduction is \(\$ 89,000\). What is the maximum deductible IRA contribution William can make for the current year?
Maximum deductible IRA contribution
Required information Problem 1 3 - 6 8 ( LO 1 3 -

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