Question: William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2015 AGI is $65,000 (all earned
William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2015 AGI is $65,000 (all earned income).
a) If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2015?
b) If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2015?
c) Assuming the same facts as in part (b), except his AGI is $75,000, what is the maximum deductible IRA contribution William can make in 2015?
a) If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2015?
b) If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2015?
c) Assuming the same facts as in part (b), except his AGI is $75,000, what is the maximum deductible IRA contribution William can make in 2015?
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