Hannah is a 52-year-old an unmarried taxpayer who is not an active participant in an employer-sponsored qualified retirement plan.Before IRA contributions,her AGI is $64,000 in 2017.What is the maximum amount she may contribute to a tax deductible IRA?
A)$4,400
B)$5,200
C)$5,500
D)$6,500

Question

Quizplus · Accepted Answer

D)Hannah is not an active participant in an employer-sponsored qualified retirement plan and therefore may deduct the full $5,500 limit plus $1,000 because she is over 50 years old.

Hannah Is a 52-Year-Old an Unmarried Taxpayer Who Is Not