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Mr. Gilbert is self-employed and makes annual contributions to a SEP plan. Ms. Gilbert's employer doesn't offer any type of qualified retirement plan. Each spouse contributes the maximum $6,000 to a traditional IRA.

Required:

  1. Compute the AGI on their joint return if AGI before an IRA deduction is $138,000.
  2. Compute the AGI on their joint return if AGI before an IRA deduction is $211,000.

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