Appendix C: Manual Journal Entry Template ............................................................................................... 1. accounting principles, and stored in a uniform and consistent manner for easy accessibility. knowledgeable of journal entry policies and procedures.
The earned income includes compensation from salary, wages, commissions, bonuses and alimony. Income from interest, dividends, annuities or pensions does not count as earned income in the eyes of the IRS. The contribution limit for a Roth IRA is the same as the contribution limit for a regular IRA.
If youâre married and you file a joint return, you can make a regular contribution to a Roth IRA even if you have little or no qualifying income. Solely for the purpose of determining how much you can contribute to an IRA, youâll be treated as if you had taxable compensation income equal to:1  Your qualifying income (if any), plus. 2  Your spouseâs qualifying income (if any), minus. 3  Your spouseâs regular contributions to traditional IRAs and Roth IRAs.f youâre married and you file a joint return, you can make a regular contribution to a Roth IRA even if you have little or no qualifying income. Solely for the purpose of determining how much you can contribute to an IRA, youâll be treated as if you had taxable compensation income equal to: