Determine the taxpayer or taxpayer spouse

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Problem 1: For each of the following scenarios, determine whether the taxpayer or taxpayer's spouse (or both) are eligible to participate in a Roth IRA, traditional deductible IRA, or both.

a) John, a single taxpayer, participates in a retirement plan at work. His AGI for the year is $80,000.

b) Assume the same facts as (a) above except that John is not a participant in a retirement plan.

c) Trevor and Jan are married taxpayers. They have an AGI of $140,000. Trevor is a participant in a retirement plan at work. Jan has no income.

d) Assume the same facts as in (c) above except that Trevor is not a participant in a retirement plan.

Reference no: EM132679355

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