Mr and Mrs

question 20

Multiple Choice

Mr. and Mrs. Pointer each contributed $1,800 to their traditional IRAs. Each spouse actively participates in an employer-sponsored qualified retirement plan. Compute the deductible IRA contribution on their joint return if their AGI before such deduction is $108,970.

• A)$3,600
• B)$2,515
• C)$1,085
• D)$0

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Definitions:

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