Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a
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Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000. Their AGI is $37,000.
a. What is the maximum amount Gene can contribute to an IRA in 2017?
b. What is the maximum amount Beth can contribute to an IRA in 2017?
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a and b Gene and Beth may each co...View the full answer
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Related Book For 
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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