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What is the maximum deductible amount

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Reference no: EM132952044

Question - Dave and Kim are married and file a joint return. The couple has AGI of $180,000. Kim is an active participant in her employer's retirement plan. Dave does not work.

(a) What is the maximum deductible amount that Dave may contribute to an IRA?

(b) What is the maximum deductible amount that Kim may contribute to an IRA?

Reference no: EM132952044

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