In 2022, LeSean (age 51 and single) has earned income of $3,000. He also has $30,000 of unearned (capital gain) income. oblem 13-67 Part c (Static) f he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make 22 if he has earned income of $10,000?

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 42P
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Problem 13-67 (LO 13-4) (Static)
[The following information applies to the questions displayed below.]
In 2022, LeSean (age 51 and single) has earned income of $3,000. He also has $30,000 of unearned (capital gain)
income.
Problem 13-67 Part c (Static)
c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in
2022 if he has earned income of $10,000?
Answer is complete but not entirely correct.
$ 3,000 X
Maximum deductible IRA contribution
Transcribed Image Text:Required information Problem 13-67 (LO 13-4) (Static) [The following information applies to the questions displayed below.] In 2022, LeSean (age 51 and single) has earned income of $3,000. He also has $30,000 of unearned (capital gain) income. Problem 13-67 Part c (Static) c. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution LeSean can make in 2022 if he has earned income of $10,000? Answer is complete but not entirely correct. $ 3,000 X Maximum deductible IRA contribution
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