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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?
Adduction
The movement of a body part toward the central axis of the body.
Abduction
The movement of a limb or body part away from the midline of the body or away from another body part.
Bowed Legs
A condition characterized by outward curving of the legs, typically observed in toddlers as a part of normal growth or as a result of disease such as rickets.
Orthopedic Surgeon
A medical doctor specializing in diagnosing, treating, preventing, and rehabilitating injuries and diseases of the musculoskeletal system, including bones, joints, ligaments, tendons, and muscles.
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