Emil Ryan is single, age 45. He earned a salary of $68,460 in 2022 from...
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Accounting
Emil Ryan is single, age 45. He earned a salary of $68,460 in 2022 from his job at Korma Corporation where he is covered by his employer's pension plan. Emil did not itemize his deductions. How much can he contribute to his individual retirement account (IRA) in 2022? How much of his contribution to an IRA can he deduct on his 2022 income tax return? If Emil decided to utilize a Roth IRA in 2022 how much could he contribute?
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