What is the maximum deductible ira contribution, Accounting Basics

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What is the maximum deductible ira contribution

John has earned income of $3,300. He has $30,300 of unearned (capital gain) income.

A. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011?

B. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011?

C. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011 if he has earned income of $12,800?

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Accounting Basics: What is the maximum deductible ira contribution

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Accounting Basics: What is the maximum deductible ira contribution

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What is the maximum deductible ira contribution

Reference No:- TGS0687663

Recent Questions Asked Accounting Basics

Q : What is the marginal income tax rate

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Q : What is the maximum deductible ira contribution

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