Mark and Cindy Are Married with Salaries of $45,000 and $42,000,respectively.Adjusted

question 96

Multiple Choice

Mark and Cindy are married with salaries of $45,000 and $42,000,respectively.Adjusted gross income on their jointly filed tax return is $99,000.Both individuals are active participants in employer provided qualified pension plans.What is the maximum amount each person may deduct for AGI with regard to IRA contributions?
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Mark Cindy

• A)$1,000 $1,000
• B)$5,225 $5,225
• C)$3,200 $3,200
• D)$- 0 - $-0-
• E)$ 5,500 $5,500

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Anaphylaxis

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