John has earned income of 3300 he has 30300 of unearned, Ask an Expert

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John has earned income of $3,300. He has $30,300 of unearned (capital gain) income.

A. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011?

B. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011?

C. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2011 if he has earned income of $12,800?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960398

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