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Cisco and Carmen Are Both in Their 30's and Are

Question 31

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Cisco and Carmen are both in their 30's and are married. Carmen earns $69,000 and Cisco earns $28,000. Their adjusted gross income is $102,000. Carmen is an active participant in her company's pension plan. Cisco's employer does not have a pension plan. What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts? Cisco and Carmen are both in their 30's and are married. Carmen earns $69,000 and Cisco earns $28,000. Their adjusted gross income is $102,000. Carmen is an active participant in her company's pension plan. Cisco's employer does not have a pension plan. What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts?

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