The following taxpayers are covered by an employer-sponsored retirement plan. Which one may FULLY DEDUCT their traditional IRA contribution? Kelli files single. Her modified AGI is $68,000. Mark files head of household. His modified AGI is $68,001. Samantha is married, did not live with her spouse at any time during the year, and chooses to file a separate return. Her modified AGI is $10,975. Donald is married and files a joint return. Both he and his spouse are covered by an employer-sponsored plan. The couple's modified AGI is $109,500.

The following taxpayers are covered by an employer-sponsored retirement plan. Which one may FULLY DEDUCT their traditional IRA contribution? Kelli files single. Her modified AGI is $68,000. Mark files head of household. His modified AGI is $68,001. Samantha is married, did not live with her spouse at any time during the year, and chooses to file a separate return. Her modified AGI is $10,975. Donald is married and files a joint return. Both he and his spouse are covered by an employer-sponsored plan. The couple's modified AGI is $109,500.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter3: Computing The Tax

Section: Chapter Questions

Problem 38P

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