Mark and Cindy are married with salaries of $45,000 and $42,000,respectively.Adjusted gross income on their jointly filed tax return is $98,000.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?
Definitions:
Fear Of Strangers
an anxiety disorder characterized by an intense fear or apprehension when one is around or anticipates interaction with strangers.
Separation Anxiety
Emotional distress seen in individuals, especially children, due to being separated from familiar people or environments.
Distress
A negative emotional state caused by stress, characterized by feelings of anxiety, sorrow, or pain.
Separation Anxiety
a disorder characterized by excessive anxiety regarding separation from home or from those to whom the individual has a strong emotional attachment.
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