In 2022, LeSean (age 60 and single) has earned Income of $3,600. He also has $35,800 of unearned (capital gain Income.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter9: Deductions: Employee And Self- Employed-related Expenses
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b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in 2022?
Maximum deductible IRA contribution
Transcribed Image Text:b. If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in 2022? Maximum deductible IRA contribution
Required information
[The following information applies to the questions displayed below.]
In 2022, LeSean (age 60 and single) has earned Income of $3,600. He also has $35,800 of unearned (capital gain
Income.
a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in
2022?
Maximum deductible IRA contnbution
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] In 2022, LeSean (age 60 and single) has earned Income of $3,600. He also has $35,800 of unearned (capital gain Income. a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in 2022? Maximum deductible IRA contnbution
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