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If you contribute 70000 to roll over IRA how much can you deduct filing jointly?
Wiki User
∙ 14y ago
First a $70,000 move of funds from a qualified plan to an IRA is not actually a contribution. It is a rollover or transfer from one custodian to another and is a non-taxable event.
Therefore, whether the tax filing status is joint, single, head of household or something else, no deduction is due from the movement of these funds from the employer's plan to an individual's IRA.
Wiki User
∙ 14y ago
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What is your current tax bracket for 70000?
25 PERCENT
If current assets are 70000 and current liabilities are 50000 the current ratio will be?
1.4
How should this transaction be recorded in the journal entry if merchandise inventory that cost 620000 is reported on the balance sheet at 690000?
debit owners equity 70000credit inventory 70000
How much do you get taxed per dollar in NZ?
Answer You get taxed at different rates for parts of you income: You are taxed 12.5% when you earn up to $14000 21% from $14001 - $40000 33% $40001 - $70000 39% $70001 + 45% with no IRD number You need to add on the ACC levy on top of this which is 1.4% for the 2009 financial year. Here is an example to work out how much you should be taxed: Johns taxable income for the year was $65238 up to $14000 at 12.5% = $1750 $14001 - $40000 at 21% = $5460 $40000 - $65238 @ 33% = $8328.54 Total tax to pay = $15538.54
What is 20percent of 70000?
20% of 70000= 20% * 70000= 0.2 * 70000= 14000
What is 3 percent of 70000?
21003% of 70000= 3% * 70000= 0.03 * 70000= 2100
What is 2 percent of 70000?
2% of 70000 = 2% * 70000 = 0.02 * 70000 = 1400
What is 70269 rounded to the nearest thousand?
70000
What is the percent of 70000?
70000%
What is ten percent of 70 thousands?
10% of 70000 = 700010% of 70000= 10% * 70000= 0.10 * 70000= 7000
What is fifteen percent of 70000?
10500= 15%/100% * 70000= 15/100 * 70000= 0.15 * 70000= 10500
What is 140 percent of 70000?
140% of 70,000= 140% * 70000= 1.4 * 70000= 98,000
What is 10 percent of 70000?
7,00010% of 70,000= 10% * 70000= 0.1 * 70000= 7,000
What is 29 percent of 70000?
29% of 70,000= 29% * 70000= 0.29 * 70000= 20,300
What is 17 percent of 70000?
17% of 70,000= 17% * 70000= 0.17 * 70000= 11,900
How much is 3.5 percent of 70000?
3.5% of 70,000= 3.5% * 70000= 0.035 * 70000= 2,450
