What is the value of the expression 7- x when x =2.
2 answers:
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Assignment:
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Answer:
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Explanation:
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[ Step One ] Switch Sides
[ Step Two ] Expand
[ Step Three ] Rewrite Equation
[ Step Four ] Add 8 To Both Sides
[ Step Five ] Simplify
[ Step Six ] Divide Both Sides By -1
[ Step Seven ] Simplify
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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