Please determine the maximum 2022 401k contribution and IRA deduction for the following MFJ taxpayers with AGI of $208,000. Tanya is 52 and participates in her employer's 401k. Tanya's husband Benny is 48 years old, currently unemployed and plans to make the maximum deductible contribution to his own IRA plan. Prepare your calculations in Excel and show all work.

Please determine the maximum 2022 401k contribution and IRA deduction for the following MFJ taxpayers with AGI of $208,000. Tanya is 52 and participates in her employer's 401k. Tanya's husband Benny is 48 years old, currently unemployed and plans to make the maximum deductible contribution to his own IRA plan. Prepare your calculations in Excel and show all work.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 41P

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