Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilberts employer...

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Accounting

Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilberts employer doesnt offer any type of qualified retirement plan. Each spouse contributes $6,000 to a traditional IRA.

Required:

Compute the AGI on their joint return if AGI before an IRA deduction is $150,000.

Compute the AGI on their joint return if AGI before an IRA deduction is $204,200.

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