Answer:
Step-by-step explanation:
Given:
The two points on the line are:
Now, for a line with two points on it, the slope of the line is given as:
For the points , slope is:
Now, for a line with slope 'm' and a point on it is given as:
Plug in all the values and determine the equation of the line. This gives,
Therefore, the equation of the line is:
Answer:
$4,800
Step-by-step explanation:
The maximum contribution for traditional IRA in 2019 = $6000
Given that;
karen has a salary of $33,000 and rental income of $33,000; then total income = $66,000
AGI phase-out range for traditional IRA contributions for a single taxpayer who is an active plan participant is $64,000 – $74,000.
PhaseOut can be calculated as:
=
= 0.2 * 6000
= 1200
Therefore, the maximum amount that Karen may deduct for contributions to her traditional IRA for 2019 = The maximum contribution for traditional IRA in 2019 - PhaseOut
= $6000 - $1,200
= $4,800