Problem 5-3 Individual Retirement Accounts (LO 5.3) Shyla, 28 years old...
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Problem Individual Retirement Accounts LO Shyla, years old and a single taxpayer, has a salary of $ and rental income of $ for the calendar tax year. Shyla is covered by a pension through her employer. AGI phaseout range for traditional IRA contributions for a single taxpayer who is an active plan participant is $$ a What is the maximum amount that Shyla may deduct for contributions to her IRA for Feedback Check My Work There are two principal types of IRAs in the US tax law. One is the traditional IRA and the other is the Roth IRA. Annual contributions to a traditional IRA are deductible, and retirement distributions are taxable. The annual deduction maximums are reduced for traditional IRAs if the taxpayer is an active participant in another qualified retirement plan. b If Shyla is a calendar year taxpayer and files her extended tax return on August what is the last date on which she can make her contribution to the IRA and deduct it for 
Problem
Individual Retirement Accounts LO
Shyla, years old and a single taxpayer, has a salary of $ and rental income of $ for the calendar tax year. Shyla is covered by a pension through her employer. AGI phaseout range for traditional IRA contributions for a single taxpayer who is an active plan participant is $$
a What is the maximum amount that Shyla may deduct for contributions to her IRA for
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Check My Work
There are two principal types of IRAs in the US tax law. One is the traditional IRA and the other is the Roth IRA. Annual contributions to a traditional IRA are deductible, and retirement distributions are taxable. The annual deduction maximums are reduced for traditional IRAs if the taxpayer is an active participant in another qualified retirement plan.
b If Shyla is a calendar year taxpayer and files her extended tax return on August what is the last date on which she can make her contribution to the IRA and deduct it for
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