How much can michael contribute to a roth ira

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Problem - 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 2020 in each of the following alternative situations?

a. Michael's AGI before the IRA contribution deduction is $55,500. Michael contributed $3,300 to a traditional IRA.

b. Michael's AGI is $85,500 before any IRA contributions.

c. Michael's AGI is $140,500 before any IRA contributions.

Reference no: EM132951900

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