Arturo and Josephina are married with salaries of $47,000 and $48,000,respectively.Their combined AGI is $100,000.Josephina is an active participant in her company's qualified pension plan while Arturo is not.Determine Arturo and Josephina's combined IRA contribution and deduction amounts?
$\begin{array}{lll}
&\text { Maximum }&\text { Maximum }\
& \text { Contribution } & \text { Deduction } \
\text { a. } &\$ 5,500 & \$ 2,750 \
\text { b. }& \$ 11,000 & \$ 2,750 \
\text { c. } &\$ 11,000 & \$ 5,500 \
\text { d. }& \$ 11,000 & \$ 9,625 \
\text { e. }& \$ 11,000 & \$ 11,000
\end{array}$

Question

Arturo and Josephina are married with salaries of $47,000 and $48,000,respectively.Their combined AGI is $100,000.Josephina is an active participant in her company's qualified pension plan while Arturo is not.Determine Arturo and Josephina's combined IRA contribution and deduction amounts?
$\begin{array}{lll} 
&\text { Maximum }&\text { Maximum }\
& \text { Contribution } & \text { Deduction } \
\text { a. } &\$ 5,500 & \$ 2,750 \
\text { b. }& \$ 11,000 & \$ 2,750 \
\text { c. } &\$ 11,000 & \$ 5,500 \
\text { d. }& \$ 11,000 & \$ 9,625 \
\text { e. }& \$ 11,000 & \$ 11,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Arturo and Josephina are married with salaries of $47,000 and $48,000,respectively.Their combined AGI is $100,000.Josephina is an active participant in her company's qualified pension plan while Arturo is not.Determine Arturo and Josephina's combined IRA contribution and deduction amounts?
$\begin{array}{lll} 
&\text { Maximum }&\text { Maximum }\
& \text { Contribution } & \text { Deduction } \
\text { a. } &\$ 5,500 & \$ 2,750 \
\text { b. }& \$ 11,000 & \$ 2,750 \
\text { c. } &\$ 11,000 & \$ 5,500 \
\text { d. }& \$ 11,000 & \$ 9,625 \
\text { e. }& \$ 11,000 & \$ 11,000
\end{array}$

Arturo and Josephina Are Married with Salaries of $47,000 and $48,000,respectively.Their