Can someone assist me please 177 Francisco age 57 is a marri

Can someone assist me, please!

177. Francisco, age 57, is a married, filing jointly taxpayer. His modified AGI for 2016 was $220,500. What is the maximum annual nondeductible contribution he can make to a Roth IRA in 2016?

a)$0

b)$1,000

c)$2,500

d)$5,500

181. Connie and her spouse, Mark, (both over 65) are filing a joint return for 2016. They both received Social Security benefits during the year. In January 2017, Connie received a Form SSA-1099 showing net benefits of $7,500 in box 5. Mark received a Form SSA-1099 showing net benefits of $3,500 in box 5. Connie also received a taxable pension of $22,000 and interest income of $500. She did not have any tax-exempt interest income. What amount of Connie’s Social Security benefits is taxable for 2016?

a)$0

b)$500

c)$3,750

d)$7,500

248. A married taxpayer, filing jointly must reduce his or her Child Tax Credit if his or her modified adjusted gross income (MAGI) is above what amount?

a)$80,000

b)$90,000

c)$100,000

d)$110,000

247. Gina works 3 days a week. While she works, her 6-year-old child attends a dependent care center, which complies with all state and local regulations. Gina can pay the center $150 for any 3 days a week or $250 for 5 days a week. Her child attends the center 5 days a week. For the purposes of the Child and Dependent Care Credit, what are Gina’s work-related expenses for the center per week?

a. $0

b. $75

c. $150

d. $250

Solution

177. The maximum annual nondeductible contribution he can make to a Roth IRA in 2016

D) $5500.

181. D) $3750

Connie\'ssocial security benefits is taxable for 2016.

248. D) $110000

modified adjusted gross income

247. D) $250

Gina\'s work related expenses per week.

Can someone assist me, please! 177. Francisco, age 57, is a married, filing jointly taxpayer. His modified AGI for 2016 was $220,500. What is the maximum annual
Can someone assist me, please! 177. Francisco, age 57, is a married, filing jointly taxpayer. His modified AGI for 2016 was $220,500. What is the maximum annual

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