John (age 60 and single) has earned income of $3,600. He has $35,800 of unearned...
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Accounting
John (age 60 and single) has earned income of $3,600. He has $35,800 of unearned (capital gain) income.
c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2017 if he has earned income of $18,400?
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