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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?


Definitions:

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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