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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
35.Â
Janice, age 22, is a student who earns $10,000 working part-time at the col- lege ice cream shop in 2015. She has no other income.  Her  medical expenses for the year total $3,000. During the year, she suffers a casualty loss of
$3,500 when her apartment catches on fire. Janice contributes $1,000 to her church. On the advice of her parents, Janice is trying to decide whether to contrib- ute $1,000 to the traditional IRA her parents set up for her. What effect would the IRA contribution have on Janice’s itemized deductions?
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