What is the maximum deductible ira


John has earned income of $4,200. He has $32,900 of unearned income.a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2012? Deductible IRA contribution $ b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2012? Deductible IRA contribution $ c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2012 if he has earned income of $14,600? Deductible IRA contribution $?

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Accounting Basics: What is the maximum deductible ira
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