Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth
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Jackson and Ashley Turner (both 45 years old) are married and want to contribute to a Roth IRA for Ashley.In 2018, their AGI is $191,000. Jackson and Ashley each earned half of the income.
a. How much can Ashley contribute to her Roth IRA if they file a joint return?
b. How much can Ashley contribute if she files a separate return?
c. Assume that Ashley earned all of the couple’s income and that she contributed the maximum amount she is allowed to contribute to a Roth IRA.What amount can be contributed to Jackson’s Roth IRA?
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Related Book For
Taxation Of Individuals And Business Entities 2019 Edition
ISBN: 9781259918391
10th Edition
Authors: Brian C. Spilker, Benjamin C. Ayers, John Robinson, Edmund Outslay, Ronald G. Worsham, John A. Barrick, Connie Weaver
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