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Mr. and Mrs. Davos file a joint tax return. Each spouse contributed $3,100 to a traditional IRA.
Required: In each of the following cases, compute the deduction for these contributions. The AGI in each case is before any deduction.
A) Neither spouse is an active participant in a qualified retirement plan, and their AGI is $123,500.
B) Mr. Davos is an active participant, but Mrs. Davos is not. Their AGI is $123,500.
C) Both spouses are active participants, and their AGI is $85,950.
D) Mr. Davos is self-employed and doesnt have a Keogh plan. Mrs. Davos is an active participant. Their AGI is $108,200.
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