Business, 06.12.2019 05:31 sabrinachambers444

Robert, single and age 54, is a participant of his employer’s qualified profit sharing plan. for the current year he received a forfeiture allocation of $25, but the employer did not make any other contribution for the year. robert would like to make a deductible ira contribution. if robert’s agi is $80,000 (all comprised of w-2 earnings and portfolio income), what is the maximum deductible ira contribution robert may make to the plan?
a. $0
b. $3,000
c. $5,500
d. $6,500

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Robert, single and age 54, is a participant of his employer’s qualified profit sharing plan. for the...