Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement...

Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2019 in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.)

a. Michael’s AGI before the IRA contribution deduction is $55,000. Michael contributed $3,200 to a traditional IRA.

b. Michael’s AGI is $85,000 before any IRA contributions.

c. Michael’s AGI is $129,000 before any IRA contributions.

A. Contribution to Roth IRA	?
B. Contribution to Roth IRA	?
C. Contribution to Roth IRA	?

Solutions

Expert Solution

ekkarill92 answered 9 months ago

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