Question

The taxpayer covered by an employer retirement plan in 2017 who may fully deduct their traditional...

The taxpayer covered by an employer retirement plan in 2017 who may fully deduct their traditional IRA contribution is __________.

Kelli, who files single with modified AGI of $63,000.

Mark, who files head of household with modified AGI of $64,000.

Samantha, who is filing a joint return as a surviving spouse with modified AGI of $92,000.

Donald, who is married filing a joint return with modified AGI of $99,500.

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The taxpayer covered by an employer retirement plan in 2018 who may qualify for a full...
The taxpayer covered by an employer retirement plan in 2018 who may qualify for a full deduction of their traditional IRA contribution is 1) Kelli, who files single with modified AGI of $64,000 2) Mark, who files head of household with modified AGI of $65,000 3) Samantha, who is filing a joint return as a surviving spouse with modified AGI of $96,000 4) Donald, who is married, filing a joint return with modified AGI of $101,500
for 2018 which one of the following taxpayer covered by employer retirement plan may FULLY DEDUCT...
for 2018 which one of the following taxpayer covered by employer retirement plan may FULLY DEDUCT their traditional IRA contribution? kelli files single Her Modified AGI is $63200 marks files head of household. His modified AGI is $64,000 Samantha files a joint return as a surviving spouse. Her modified AGI is $91.000 Donald is married and files a joint return. The couples modified AGI is $101,500
-Jack (age 52) and Jill (age 49) are a married couple. Jack is covered under a...
-Jack (age 52) and Jill (age 49) are a married couple. Jack is covered under a qualified retirement plan at his job and earned $180,000 in 2018. Jill is employed as a lab technician and earned $42,000 but is not covered under a qualified retirement plan. They file a joint return; have interest and dividend income of $25,000. What is their maximum for AGI deduction for contributions to a traditional IRA? A) $0 B) $5,500 C) $6,500 D) $12,000 -Reyansh...
1) During 2019, Mariam had the following transactions: Salary                                &
1) During 2019, Mariam had the following transactions: Salary                                                                                     $60,000 Interest income on City of Albuquerque bonds               1,000 Commission Income received                                             5,000 Cash dividends from IBM stock                                          2,000 Mariam’s AGI for 2019 is: A. $65,000. B. $60,000. C. some other amount. D. $68,000. E. $67,000. 2) Which of the following is inaccurate for the qualifying relative rule: A. A dependent does not need to reside with the taxpayer. B. A dependent does not need to be relative of the taxpayer. C. A dependent must...
1. The U.S. income tax was enacted by the _____ amendment to the Constitution. a.16th b.18th...
1. The U.S. income tax was enacted by the _____ amendment to the Constitution. a.16th b.18th c.2nd d.13th 2. Tax law is a tool used by government to: a.Raise revenue to run government b.Support research and development c.Further economic goals d.Encourage social objectives e.All of these choices are correct. 3. Entities required to report income to the IRS are: a.Partnerships b.Estates c.Trusts d.Corporations e.All of these choices are correct. 4. What is reported on Schedule A of Form 1040? a.Itemized...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe,...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2016, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income—    City of Albuquerque general purpose bonds $1,000    Ford Motor company bonds 1,100    Ally Bank certificate of deposit 400 2,500 Child...
Tax Return Project James A. Varney and Denise M. Varney James and Denise Varney are married...
Tax Return Project James A. Varney and Denise M. Varney James and Denise Varney are married and file a joint return. James is 48 years of age and Denise is 49. James is employed full-time as an electrical engineer for Livingston Unitech Corporation, Ltd. Denise is a self-employed design consultant. They have two children, Pamela and Vernon, who live at home and receive all of their support from their parents. Pamela is 20 years old and attended college on a...