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.
Yes. You may make a Traditional IRA contribution to your spouse's Traditional IRA because you have eligible compensation. There is no income limit for contributing to a Traditional IRA.owever, although your income does not prevent you from making a Traditional IRA contribution, it may make you ineligible to take a deduction for Traditional IRA contribution, or from making a Roth IRA contribution. To learn more, read Making Spousal IRA Contributions.