Darlene and Devin are married.Darlene earns $48,000 and Devin earns $41,000.Their adjusted gross income is $96,000.Darlene's employer provides her with a qualified pension plan,Devin's does not.What are Darlene and Devin's maximum combined IRA contribution and deduction amounts?
$\begin{array}{lll}
& \text { Contribution } & \text { Deduction } \
\text { a. } & \$ 11,000 & \$ 5,000 \
\text { b. } & \$ 11,000 & \$ 6,000 \
\text { c. } & \$ 11,000 & \$ 8,000 \
\text { d. } & \$ 11,000 & \$ 10,725 \
\text { e. } & \$ 11,000 & \$ 11,000
\end{array}$

Question

Darlene and Devin are married.Darlene earns $48,000 and Devin earns $41,000.Their adjusted gross income is $96,000.Darlene's employer provides her with a qualified pension plan,Devin's does not.What are Darlene and Devin's maximum combined IRA contribution and deduction amounts?
$\begin{array}{lll} 
& \text { Contribution } & \text { Deduction } \
\text { a. } & \$ 11,000 & \$ 5,000 \
\text { b. } & \$ 11,000 & \$ 6,000 \
\text { c. } & \$ 11,000 & \$ 8,000 \
\text { d. } & \$ 11,000 & \$ 10,725 \
\text { e. } & \$ 11,000 & \$ 11,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Darlene and Devin are married.Darlene earns $48,000 and Devin earns $41,000.Their adjusted gross income is $96,000.Darlene's employer provides her with a qualified pension plan,Devin's does not.What are Darlene and Devin's maximum combined IRA contribution and deduction amounts?
$\begin{array}{lll} 
& \text { Contribution } & \text { Deduction } \
\text { a. } & \$ 11,000 & \$ 5,000 \
\text { b. } & \$ 11,000 & \$ 6,000 \
\text { c. } & \$ 11,000 & \$ 8,000 \
\text { d. } & \$ 11,000 & \$ 10,725 \
\text { e. } & \$ 11,000 & \$ 11,000
\end{array}$

Darlene and Devin Are Married