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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In 2023, LeSean (age 59 and single) has earned income of $4,800.
He also has $31,700 of unearned (capital gain) income.
b. If he does participate in an employer-sponsored plan, what is the maximum
deductible IRA contribution LeSean can make in 2023?
Maximum deductible IRA contribution](https://content.bartleby.com/qna-images/question/6ca79697-1790-4de2-bbbc-179517085104/e9cdafbf-3d6e-4940-9db5-a8ebd4671afa/nbw1ngt_thumbnail.png)
Transcribed Image Text:[The following information applies to the questions displayed
below.]
In 2023, LeSean (age 59 and single) has earned income of $4,800.
He also has $31,700 of unearned (capital gain) income.
b. If he does participate in an employer-sponsored plan, what is the maximum
deductible IRA contribution LeSean can make in 2023?
Maximum deductible IRA contribution
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