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

question 38

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 2014.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 may be made to a traditional IRA?

• A)$0
• B)$11,000
• C)$5,500
• D)$12,000

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Definitions:

Part

A component of a larger assembly or system.

Runout Tolerances

Specifies the limits within which the variation of a surface's location and the feature's circularity must be contained as it rotates around a datum axis.

Datum Feature

A physical feature of a part that acts as a reference for measurement and geometry during machining or inspection processes.

RFS

Requirement for the feature size; a specification in geometric tolerancing where size is a factor.