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Answer the following independent questions with respect to traditional IRA contribution for 2013: a.Juan, age 41, earns a salary of $28, 000 and is not an active participant in any other qualified plan. His wife, Agnes, has no earned income. What is the maximum total deductible contribution to their IRA's? Juan wants to contribute as much as possible to his own IRA. c. Abby, age of 29, has earned income of $25,000, and her husband, Sam, has earned income of $2,600. They are not active participants to any other qualified plan. What is the maximum contribution to their IRA's? c.Leo's employer makes a contribution of $3,500 to Leo's simplified employee pension plan. If Leo is single, has earned income of $32,000, and has AGI of $29,000, what amount, if any, can he contribute to IRA?
How much would George have to deposit in the bank today if he will beearning a 6% annual rate of return and wants to have $5,000 in the bank at the end of five years?
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The Partnership of D, E, and F has the following account balances just prior to the liquidation of the partnership: Cash, $90,000; Noncash Assets, $570,000; Liabilities, $300,000: D, Capital, $120,000; E, Capital, $180,000; and F, Capital, $60,000..
the local grocery store rents carpet cleaners for 45 per day and sells shampoo to go with the cleaner for 12. to
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