95. Oliver owns Wifit, an unincorporated sports store. In 2015 Wifit earned
$100,000, before Oliver drew out a salary of $60,000. What is Oliver’s 2015
deduction for self-employment taxes?
96. Concerning individual retirement accounts (IRAs),
A single taxpayer that is not an active participant in a qualified plan may deduct up to $6,000 of
A taxpayer that is not working outside of the home may not deduct any amount if their spouse is
97. Rhonda and Ralph are married. Rhonda earns $81,000 annually, and
Ralph earns $6,000 annually working part-time. Their AGI is $108,000.
Rhonda participates in an employer-sponsored retirement plan. Ralph’s
company does not have a pension plan. Rhonda and Ralph contribute the
maximum amount allowable annually to their IRAs. What is their allowable