Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans

/in /by

Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2017 is $189,000, and they earn salaries of $87,000 and $95,000, respectively.

Compute the following amounts. If an amount is zero, enter “0”. Do not round intermediate computations.

  Amount

a. The amount each can contribute to a regular IRA.$ 5,500

b. The amount each can deduct for regular IRA contributions.$0

c. The amount each can contribute to a Roth IRA.$ ?????

d. The amount each can deduct for Roth IRA contributions.$.

For some reason I cannot figure for c, I am drawing a blank and my brain is not working.

Thanks for your help in advance

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"