Contribute to a roth ira, Michael is single and 35 years

Contribute to a roth ira

Assignment Help Financial Accounting

Reference no: EM13922942

Federal Tax Question

Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement plan. How much can Michael contribute to a Roth IRA in each of the following alternative situations?

A) Michael’s AGI is $56,500 after he contributed $4,400 to a traditional IRA.

B) Michael’s AGI is $86,500 before any IRA contributions.

Reference no: EM13922942

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