1 Suppose, for example, that we conducted a survey to estimate the average weight of high school students. 2  Since we are only working with one variable (weight), we would be working with univariate data. 3  Bivariate data.
Contributing to a traditional IRA can create a current tax deduction, plus it provides for tax-deferred growth. While long-term savings in a Roth IRA may produce better after-tax returns, a traditional IRA may be an excellent alternative if you qualify for the tax deduction. Use this traditional IRA calculator to view the amount that could be saved using a traditional IRA. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.
Tax Reporting. The deduction for contributions to a traditional IRA by both a husband and a wife is reported together as the IRA deduction. You can use either Form 1040 or Form 1040A, but not Form 1040EZ.The deduction goes on the line entitled IRA Deduction..For example, if the husband contributes $4,000 and the wife contributes $4,000, report an $8,000 IRA deduction. You can claim the deduction without having to itemize and give up the standard deduction.he deduction goes on the line entitled IRA Deduction.. For example, if the husband contributes $4,000 and the wife contributes $4,000, report an $8,000 IRA deduction. You can claim the deduction without having to itemize and give up the standard deduction.