Isabelle and Marshall Are Married with Salaries of $50,000 and $45,000,respectively.Adjusted

question 97

Multiple Choice

Isabelle and Marshall are married with salaries of $50,000 and $45,000,respectively.Adjusted gross income on their jointly filed tax return is $103,000.Both individuals are active participants in employer provided qualified pension plans.What are Isabelle and Marshall's maximum combined IRA contribution and deduction amounts?
​
Contribution Deduction

• A)$-0- $-0-
• B)$11,000 $2,500
• C)$11,000 $5,500
• D)$11,000 $8,800
• E)$11,000 $11,000

---

Definitions:

Drive-Reduction Theory

A theory in psychology that explains motivation as being driven by the desire to reduce internal tensions caused by unmet needs.

Water Fountain

A device designed to eject a stream or spray of water for drinking or decorative purposes.

Instinct Theory

A theory that suggests that behaviors are driven by instincts, which are innate patterns of response to stimuli.

Genetically Predisposed

Having a genetic makeup that increases the likelihood of developing certain traits or diseases.