Mark and Cindy are married with salaries of $45,000 and $42,000,respectively.Adjusted gross income on their jointly filed tax return is $96,000.Both individuals are active participants in employer provided qualified pension plans.What is the maximum amount each person may deduct for AGI with regard to IRA contributions?
$\begin{array}{lll}
&\text { Mark } & \text { Cindy } \
\text { a. } & \$ 1,000 & \$ 1,000 \
\text { b. }& \$ 5,225 & \$ 5,225 \
\text { c. } &\$ 3,200 & \$ 3,200 \
\text { d. } &\$-0- & \$-0- \
\text { e. } &\$ 5,500 & \$ 5,500
\end{array}$

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The Answer of Mark and Cindy are married with salaries of $45,000 and $42,000,respectively.Adjusted gross income on their jointly filed tax return is $96,000.Both individuals are active participants in employer provided qualified pension plans.What is the maximum amount each person may deduct for AGI with regard to IRA contributions?
$\begin{array}{lll}
&\text { Mark } & \text { Cindy } \
\text { a. } & \$ 1,000 & \$ 1,000 \
\text { b. }& \$ 5,225 & \$ 5,225 \
\text { c. } &\$ 3,200 & \$ 3,200 \
\text { d. } &\$-0- & \$-0- \
\text { e. } &\$ 5,500 & \$ 5,500
\end{array}$

Mark and Cindy Are Married with Salaries of $45,000 and $42,000,respectively.Adjusted