Adjustments to Income Workout

IRA Contributions

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Skills Warm Up: Employer Retirement Plans

Question 5 of 5

Becky, 54 and Theo, 48, are separated and have lived apart for the entire year. They will file separate tax returns. Becky's taxable income is $28,000. Becky is not covered by an employer retirement plan but Theo is.

What is the maximum that Becky can contribute to her IRA and deduct on her tax return? (Please do not use commas in answer)

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- Skills Warm Up: Deductible Portion of Self-Employment Tax
- Case Study 1: Self-Employed Health Insurance Deduction
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Alimony Paid
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- Skills Warm Up: Alimony Paid
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- Skills Warm Up: Jury Duty Pay Given to Employer
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- Case Study 1: Adjusted Gross Income
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