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Cisco and Carmen Are Both in Their 30's and Are

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Cisco and Carmen are both in their 30's and are married. Carmen earns $69,000 and Cisco earns $28,000. Their adjusted gross income is $102,000. Carmen is an active participant in her company's pension plan. Cisco's employer does not have a pension plan. What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts? Cisco and Carmen are both in their 30's and are married. Carmen earns $69,000 and Cisco earns $28,000. Their adjusted gross income is $102,000. Carmen is an active participant in her company's pension plan. Cisco's employer does not have a pension plan. What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts?


Definitions:

Federal Funds

Financial resources provided by the federal government to states, localities, and institutions, often for specific projects or purposes.

Exceptionalities

Unique differences or needs in individuals, especially those relating to cognitive, physical, psychological, or educational characteristics.

Cultural Group

A community of people who share common languages, traditions, customs, values, and often geographic locations.

Inclusion

Children with disabilities educated in a general education classroom setting as much as the disability will allow.

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