Tyne is a 48-year-old an unmarried taxpayer who is not an active participant in an employer-sponsored qualified retirement plan.Before IRA contributions,her AGI is $66,000 in 2019.What is the maximum amount she may contribute to a tax deductible IRA?
A)$ 0
B)$4,800
C)$6,000
D)$7,000

Question

Quizplus · Accepted Answer

For 2019, the maximum contribution to a tax-deductible IRA for someone under 50 is $6,000. Since Tyne is not an active participant in an employer-sponsored plan, she can deduct the full amount.

Tyne Is a 48-Year-Old an Unmarried Taxpayer Who Is Not