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
Answer:
2,5 maybe
Step-by-step explanation:
I think the best option is 24.
Answer:
$2353 at 12.5% and $7647 at 8.25%
Step-by-step explanation:
I'll say a is the amount he invested in one market, and b is the amount in the other.
a + b = 10000, or b = 10000 - a
multiplying the investments with the percentages and adding them together will give the total earned interest.
(a × 0.125) + (b × 0.0825) = 925
0.125a + 0.0825b = 925
Use substitution to solve for a.
0.125a + 0.0825(10000 - a) = 925
0.125 a + 825 - 0.0825a = 925
0.0425a = 100
a = 2352.94
Use substitution to find b
b = 10000 - 2352.94
b = 7647.06
The questions are to the nearest dollar so round a and b.
$2353 and $7647
