Fred and Irma are married with salaries of $49,000 and $44,000, respectively. Their combined AGI is $106,000. Both are active participant in their companies' qualified pension plans. Determine their maximum combined IRA contribution and deduction amounts?

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The Answer of Fred and Irma are married with salaries of $49,000 and $44,000, respectively. Their combined AGI is $106,000. Both are active participant in their companies' qualified pension plans. Determine their maximum combined IRA contribution and deduction amounts?

Fred and Irma Are Married with Salaries of $49,000 and $44,000