Business, 28.12.2020 18:00, Derrick253

Wayne, age 53, and Janet, age 51, are married and file a joint return. Wayne is covered by an employer retirement plan. In 2019, Wayne had compensation of $50,000 and Janet had compensation of $175,000. Their modified adjusted gross income (MAGI) was $200,000. What is the amount of the deductible contribution that can be made for Janet to her traditional IRA for 2019

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Wayne, age 53, and Janet, age 51, are married and file a joint return. Wayne is covered by an employ...