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Business, 01.05.2021 03:40 jen1164

Janet, age 29, is unmarried and is an active participant in a qualified retirement plan. Her modified AGI is $67,000 in 2020. Click here to access Exhibit 11.2. Do not round intermediate computations. Calculate the amount Janet can contribute to a traditional IRA and the amount she can deduct. a. Janet can contribute $fill in the blank 45c1d80befaf00f_1 6,000 to her traditional IRA, but she can deduct $fill in the blank 45c1d80befaf00f_2 48,000 . b. Assume instead that Janet is a participant in a SIMPLE IRA and that she elects to contribute 4% of her compensation to the account, while her employer contributes 3%. Janet will contribute $fill in the blank 22da1d08e006028_1 to her SIMPLE IRA account. Her employer w

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Janet, age 29, is unmarried and is an active participant in a qualified retirement plan. Her modifie...

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