Maurice is age 44,single,and reported AGI of $68,000 in tax year 2014.He is an active participant in his employer's pension plan.What is the maximum deductible IRA contribution he can make in 2014?

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Quizplus · Accepted Answer

In 2014, the phase-out range for deductible IRA contributions for single filers who are active participants in an employer's pension plan was $60,000 to $70,000. Maurice's AGI of $68,000 falls within this range, reducing his maximum deductible contribution.

Maurice Is Age 44,single,and Reported AGI of $68,000 in Tax