Jeffrey9679 Jeffrey9679
  • 16-02-2024
  • Business
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Ms . Ray is age 4 6 and single. This year, Ms . Ray's retirement savings included a $ 2, 8 9 5 employer contribution to a qualified profit-sharing plan account and a contribution by Ms . Ray to a traditional IRA. Ms . Ray contributed the maximum allowed. Required: Compute Ms . Ray's IRA deduction if her current year income includes a $ 50, 000 salary.

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