Kathy and Patrick are married with salaries of $28,000 and $21,000, respectively. Adjusted gross income on their jointly filed tax return is $54,000. Both individuals are active participants in employer provided qualified pension plans. What are Kathy and Patrick's maximum combined IRA contribution and deduction amounts? Contribution Deduction

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The Answer of Kathy and Patrick are married with salaries of $28,000 and $21,000, respectively. Adjusted gross income on their jointly filed tax return is $54,000. Both individuals are active participants in employer provided qualified pension plans. What are Kathy and Patrick's maximum combined IRA contribution and deduction amounts? Contribution Deduction

Kathy and Patrick Are Married with Salaries of $28,000 and $21,000