FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Required information
Problem 13-67 (LO 13-4) (Algo)
[The following information applies to the questions displayed below.]
In 2022, LeSean (age 59 and single) has earned income of $4,800. He also has $31,700 of unearned (capital gain) income.
Problem 13-67 Part c (Algo)
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 $15,300?
Maximum deductible IRA contribution
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Transcribed Image Text:Required information Problem 13-67 (LO 13-4) (Algo) [The following information applies to the questions displayed below.] In 2022, LeSean (age 59 and single) has earned income of $4,800. He also has $31,700 of unearned (capital gain) income. Problem 13-67 Part c (Algo) 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 $15,300? Maximum deductible IRA contribution
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