Question

Juan, age 41, earns a salary of $58,000 and is not an active participant in any other qualified plan. His wife, Agnes, generates no earned income. What is the total earned income for Juan and Agnes?

1) $58,000
2) $0
3) $58,000 + $0
4) Cannot be determined

Answer 1

The total earned income for Juan and Agnes is $58,000.

Step-by-step explanation:

To determine the total earned income for Juan and Agnes, we need to consider Juan's salary of $58,000. Since Agnes does not generate any earned income, her contribution to the total earned income would be $0. Therefore, the total earned income for Juan and Agnes would be $58,000.