Question: What is the maximum IRA contribution that Mr. Janson can make under each of the following assumptions? a. He is age 20 and single. His

 What is the maximum IRA contribution that Mr. Janson can make

What is the maximum IRA contribution that Mr. Janson can make under each of the following assumptions? a. He is age 20 and single. His only income item is $12,500 interest from a trust fund. b. He is age 40 and single. His only income item is a $39,300 share of ordinary income from a partnership. c. He is age 60 and single. His only income item is $27,000 wages from his job. d. He is age 46 and files a joint return with his wife. His sole proprietorship generates a $7,380 loss, and his wife's salary is $40,600. Soo Maximum contribution Maximum contribution Maximum contribution Maximum contribution

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