In 2018, Susan (44 years old) is a highly successful architectand is covered by an employee-sponsored plan. Her husband, Dan (47years old), however, is a Ph.D. student and unemployed. Compute themaximum deductible IRA contribution for each spouse in thefollowing alternative situations.
a. Susan’s salary and the couple’s AGI before any IRAcontribution deductions is $193,000. The couple files a joint taxreturn.
b. Susan’s salary and the couple’s AGI before any IRAcontribution deductions is $123,000. The couple files a joint taxreturn.
c. Susan’s salary and the couple’s AGI before any IRAcontribution deductions is $83,000. The couple files a joint taxreturn.
d. Susan’s salary and her AGI before the IRA contributiondeduction is $83,000. Dan reports $5,000 of AGI before the IRAcontribution deduction (earned income). The couple files separatetax returns.
