FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:In 2022, LeSean (age 51 and single) has earned income of $3,000. He also has $30,000 of unearned (capital gain)
income.
c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in
2022 if he has earned income of $10,000?
Maximum deductible IRA contribution
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