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What is the maximum IRA contribution that Mr. Janson can make under each of the...

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Accounting

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What is the maximum IRA contribution that Mr. Janson can make under each of the following assumptions? a. He is age 20 and single. is only income item is $12,600 interest from a trust fund. b. He is age 40 and single. His only income item is a $37,700 share of ordinary income from a partnership. c. He is age 60 and single. His only income item is $29,400 wages from his job. d. He is age 46 and files a joint return with his wife. His sole proprietorship generates a $7,330 loss, and his wife's salary is $43,400. b. Maximum contribution Maximum contribution Maximum contribution Maximum contribution

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