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What amount may Carri and Dane Contribute to regular IRAs

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Problem - 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. What amount may Carri and Dane:

a. Contribute to regular IRAs?

b. Deduct for their contributions in part (a)?

c. Contribute to Roth IRAs?

d. Deduct for their contributions in part (c)?

Reference no: EM132658050

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