laura and alan are a married couple with three small children. alan earns $60,000 a year, but laura has no earned income. what

Question

Lera25 [3.4K]

2 years ago

13

laura and alan are a married couple with three small children. alan earns $60,000 a year, but laura has no earned income. what

is the maximum total contribution laura and alan can make to their ira accounts this year?

Business

1 answer:

Alex777 [14] · Answer 1 · 2023-12-06T13:43:40+03:00

<span>Because this couple is stated to have three small children I am assuming that Alan and Laura are under 50 years old. The annual maximum contribution for 2017 allowed is 5,500 for people under 50. They are allowed up to 1,000 as a catch up contribution as well if they are in fact over fifty.</span>

​laura and alan are a married couple with three small children. alan earns $60,000 a year, but laura has no earned income. what

laura and alan are a married couple with three small children. alan earns $60,000 a year, but laura has no earned income. what