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(f) For taxpayers whose AGI falls between the phaseout levels, the following calculation can be performed to determine the deduction amount: Deductible amount = maximum contribution [maximum contribution (AGI ling status oor)/phaseout range)] (g) Example: Steve and Julie are married ling jointly They are both active participants and have combined adjusted gross income of $65,000 for 2003 They can each make a full contribution of $3,000 ($6,000 total) to their IRA account, but only a portion is deductible Because the AGI is $5,000 more than the lower-level limit, they will each lose half of the deductible contribution To calculate: $3,000 [$3,000 ($65,000 $60,000)/$10,000] = $1,500 So each can deduct $1,500 ($3,000 total) for the tax year (h) For married taxpayers, the rules are different when only one spouse is an active participant In this case, a $3,000 deductible IRA contribution is available for the nonactive participant spouse as long as the couple s AGI does not exceed $150,000 The deduction is phased out from $150,000 to $160,000, and is gone completely if the AGI is $160,000 or more A deductible contribution is not available for the nonactive spouse if the couple le separate tax returns (i) Example: Assume that Rita is an active participant in a quali ed retirement plan and her husband, Steve, is not The combined AGI of Rita and Steve for the year is $200,000 Neither Rita nor Steve is entitled to a deductible contribution to an IRA in 2003 (3) Time limits (a) An IRA can be established any time prior to the due date of an individual s tax return, without extensions (even if given) The cutoff date is April 15 for most taxpayers (b) Because earnings are tax deferred, it is recommended to make contributions as early as possible to bene t from compounding (4) Nonrefundable credit A limited nonrefundable tax credit is available for low-income taxpayers who make contributions to an traditional IRA.



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Using a Queue class similar to this one in your own multithreaded code is pretty straightforward For example, consider this simple program:

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public class QueueMain { public static void main(String[] args) { /* Create a queue with a buffer big enough to hold 1000 objects */ Queue queue = new Queue(1000); /* Create producer and consumer threads */ QueueProducer pro = new QueueProducer(queue); QueueConsumer con = new QueueConsumer(queue); /* Start them up! */ constart(); prostart(); } }

.

If you select a table by mistake, it can be removed from the window by clicking in it and pressing the Delete key.

This program uses a producer thread to write objects into the queue:





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256 - Retirement Planning D Distributions taken before 591 2 (1) Nondeductible contributions are withdrawn tax free on a pro rata basis Deductible contributions and earnings are treated as ordinary income and are subject to federal income tax (2) The formula for determining the nontaxable portion of an IRA distribution is (Total nondeductible contributions/aggregate IRA year-end account balances plus amount of IRA distribution) IRA distribution (3) Example: Assume that Margaret has made a deductible IRA contribution of $1,800 and a nondeductible contribution of $2,200 over the last two years Margaret takes $1,000 out of her IRA on January 1 At the end of the year, her account balance is $4,500 Of the $1,000 withdrawn, $415 is treated as a partial return of nondeductible contributions It is calculated as follows: $2,200 $1,000 $400 $4,500 $1,000 Thus, $600 ($1,000 $400) is included in Margaret s tax return (4) A 10 percent penalty tax is imposed unless an exception applies The 10 percent penalty tax is imposed on the recipient of the distribution and applies only to the portion of the distribution included in gross income The portion that represents the cost recovery (ie, nondeductible contributions) is not subject to the 10 percent penalty (5) Example: Jim receives a $40,000 distribution from his IRA, of which $25,000 represents his nondeductible contributions Because no exception applies, a 10 percent penalty of $1,500 [($40,000 $25,000) 10%] is imposed on Jim E Excess contribution penalty (1) If an individual contributes more to an IRA account than is allowed, the excess contribution is subject to a 6 percent excise tax The penalty will be charged each year the excess contribution remains in the account The individual can avoid paying the tax by withdrawing the excess contribution and any earnings before the due date of the federal income tax return (2) The earnings on the excess contributions are treated as gross income for the taxable year 2 Roth IRA, including conversion analysis A Characteristics (1) The contribution amount is limited each year, and is eliminated beyond a certain AGI level (2) Quali ed withdrawals are entirely tax-free (this includes investment income, capital gains, and other gains) (3) Premature withdrawals in excess of contributions are taxed in full and are subject to a 10 percent penalty (4) Contribution eligibility is not restricted by active participation (5) Contributions can be made after age 701 2 (6) A Roth IRA is not subject to minimum distribution rules until the death of the owner (7) Loans are not available B Contribution rules (1) Contribution limit.

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Likewise, a SQL parameter can be con gured to insert data using a table-valued parameter as follows:

public class QueueProducer extends Thread { protected Queue m_queue; public QueueProducer(Queue a_queue) { m_queue = a_queue; } public void run() { /* Put 100 objects */ for (int i=0; i<10; i++) m_queueputObject(new String("some-string-"+i)); /* Put an end-of-stream marker */ m_queueputObject("_DONE_"); } }

Topic 77: Other Tax-Advantaged Retirement Plans - 257 (a) The maximum annual deductible IRA contribution is the lesser of i Maximum annual contribution amount, or ii 100 percent of the individual s earned income, less contributions to traditional IRAs (b) Nondeductible contribution = after-tax contribution (c) The maximum annual contribution amount is $3,000 in 2003 and 2004 (d) For individuals who have attained age 50 before the close of the tax year, an additional catch-up is allowed, $500 in 2003 and 2004 (2) Contribution AGI phaseout limits (a) AGI used for these limits is modi ed AGI, which excludes taxable income from a conversion of a traditional IRA to a Roth IRA (b) The phaseout limits are as follows: Unmarried individuals Married joint return lers Married separate lers $95,000 to $110,000 $150,000 to $160,000 $0 to $10,000

Correpondingly, a consumer thread reads these objects:

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