Mr.and Mrs.Pointer,ages 45 and 46,each contributed the maximum $6,000 to their traditional IRAs.Each spouse actively participates in an employer-sponsored qualified retirement plan.Compute the deductible IRA contribution on their joint return if their AGI before such deduction is $111,970.

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The Answer of Mr.and Mrs.Pointer,ages 45 and 46,each contributed the maximum $6,000 to their traditional IRAs.Each spouse actively participates in an employer-sponsored qualified retirement plan.Compute the deductible IRA contribution on their joint return if their AGI before such deduction is $111,970.

MrAnd MrsPointer,ages 45 and 46,each Contributed the Maximum $6,000 to Their