Which statement is true?
2 answers:
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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: y + 3 = 4 (x +1 )
Step-by-step explanation:
The eqution of a line in point- slope form is given as :
= m(
)
Where m is the slope and ( ,
) is the given point
substituting the values into the formula , we have:
y - (-3) = 4 ( x - {-1) )
y + 3 = 4 ( x + 1)
This is the equation of the line in point-slope form.