Tucker (Age 52)and Elizabeth (Age 48)are a Married Couple

question 73

Multiple Choice

Tucker (age 52) and Elizabeth (age 48) are a married couple.Tucker is covered under a qualified retirement plan at his job and earned $90,000 in 2019.Elizabeth is employed as a lab technician and earned $30,000 but is not covered under a qualified retirement plan.They file a joint return; have interest and dividend income of $25,000.What is the maximum amount of tax deductible contributions that may be made to a traditional IRA?

• A)$0
• B)$12,000
• C)$6,000
• D)$13,000

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Definitions:

An Instinct

A fixed, innate pattern of behavior in animals in response to certain stimuli.

Robins

Small, common songbirds known for their reddish-orange breasts and melodious songs.

Build Nests

The behavior employed by certain animals, mainly birds and some mammals, to create a safe place for laying eggs or raising their young.

Body Fluids

Liquids originating from inside the body that play crucial roles in its functioning, such as blood, urine, and saliva.