Joyce, Age 40, and Sam, Age 42, Who Have Been

question 53

Multiple Choice

Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. Their total AGI for 2017 is $120,000. Each is employed and earns a salary of $65,000. What are their combined deductible contributions to traditional IRAs?

• A)$0
• B)$3,000
• C)$4,000
• D)$8,000
• E)None of the above

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Definitions:

Follower Readiness

The degree to which followers possess the ability and willingness to accomplish a specific task.

Experience

The knowledge or skill acquired by a period of practical exposure to activities, situations, or occurrences.

Relations-oriented Behavior

Behavior focused on creating and maintaining positive interpersonal relationships within a team or organization.

Performance Standards

Benchmarks or criteria used to assess the quality and effectiveness of work or tasks performed by individuals or groups.