Arturo and Josephina are married with salaries of $47,000 and $48,000,respectively.Their combined AGI is $102,000.Josephina is an active participant in her company's qualified pension plan while Arturo is not.Determine Arturo and Josephina's combined IRA contribution and deduction amounts?
Maximum Maximum
Contribution Deduction
A) $5,500 $2,750
B) $11,000 $2,750
C) $11,000 $5,500
D) $11,000 $10,175
E) $11,000 $11,000
Correct Answer:
Verified
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