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Business, 18.08.2019 00:10 onlyceleste212

Lyndon, age 24, has a nonworking spouse and earns wages of $36,000 for 2015. he also received rental income of $5,000 and dividend income of $900 for the year. what is the maximum amount lyndon can deduct for contributions to his and his wife's individual retirement accounts for the 2015 tax year? you may assume that neither taxpayer is an active participant in another qualified retirement plan.

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