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Compute the amount each can contribute to a regular ira

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Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2019 is $196,000, and they earn salaries of $87,000 and $95,000, respectively.

Problem 1: Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations.

a. The amount each can contribute to a regular IRA.$f____?
b. The amount each can deduct for regular IRA contributions.$______?
c. The amount each can contribute to a Roth IRA.$______?
d. The amount each can deduct for Roth IRA contributions$._____?

Reference no: EM132774552

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