Dog Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert's employer doesn't offer any type of qualifiedretirement plan. Each spouse contributes $3,300 to a traditional IRA.Required:a. Compute the AGI on their joint return if AGI before an IRA deduction is $132,000.b. Compute the AGI on their joint return if AGI before an IRA deduction is $204,400.Complete this question by entering your answers in the tabs below.Required A Required BAnswer is complete but not entirely correct.Compute the AGI on their joint return if AGI before an IRA deduction is $132,000.AGI$125,400 x Required A Required BCompute the AGI on their joint return if AGI before an IRA deduction is $204,400. (Do not round intermediate calculations.)AGI$197.800

An investment account known as an IRA, or individual retirement account, is one that is used to…

Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert's employer doesn't offer any type of qualified retirement plan. Each spouse contributes $3,300 to a traditional IRA. Required: a. Compute the AGI on their joint return if AGI before an IRA deduction is $132,000. b. Compute the AGI on their joint return if AGI before an IRA deduction is $204,400.