H (Age 50)and W (Age 48)are Married but Only W

question 110

Multiple Choice

H (age 50) and W (age 48) are married but only W is employed.She is not covered by a retirement plan at work.She earns $75,000 during the year and they have combined AGI of $78,000 before any IRA contribution.In 2016,the maximum amount together they may contribute to tax deductible IRAs is

• A)$5,500.
• B)$6,500.
• C)$11,000.
• D)$12,000.

---

Definitions:

Division

A mathematical operation that represents dividing one number by another.

Polynomial

A mathematical expression consisting of variables and coefficients, that involves only the operations of addition, subtraction, multiplication, and non-negative integer exponents.

Factor

A number that divides another number exactly, without leaving a remainder, or the process of breaking down expressions into simpler components that can be multiplied together.

Extraneous Solutions

Solutions that are derived during the process of solving an equation but do not satisfy the original equation.