pencer Strank reports the following items of income for the current year on a joint return: Employee


pencer Strank reports the subjoined items of pay for the current year on a junction return:

Employee hire $23,000
Interest pay $2,000
Net pay from consulting $20,000
Self-employment tax remunerated $2,800

He is a participant in his employer's suitable defined offering concavity scheme and has a non working spouse.

Please exculpation the subjoined questions:
a. How fur, if anything, may Spencer bate if he contributes the consummation whole on side of himself and his spouse to a traditional IRA?

b. Same as (a.), but AGI is $112,000.

c. What are the consummation offerings and bateion wholes available to Spencer if he maintains a solo 401(k) scheme?

d. What are the consummation offering and bateion wholes avaliable to Spencer if he maintains a specie lapse Keogh plan?

e. What are the consummation offering and bateion wholes available to Spencer if he maintains a SEP IRA?

f. What are the consummation offering and bateion wholes available to Spencer if he maintains a SIMPLE 401(k)?