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soldi70 [24.7K]
3 years ago
6

William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2020 AGI before the IRA

contribution deduction is $66,000 (all earned income). (Leave no answer blank. Enter zero if applicable.) a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2020?
Business
1 answer:
andrey2020 [161]3 years ago
4 0

Answer: $6,000

Explanation:

As per IRS deduction rules in 2020, the maximum deductible IRA contribution for a person who does not participate in an employer-sponsored plan is $6,000.

That is therefore the maximum deductible that William can make in this scenario.

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The attached file has the answer required.

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The core ideology defines the characteristic  of an organization—like  technological know how , management trends , and individual leaders.

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Note: The full question is attached below

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