Carl,age 59,and Cindy,age 49,are Married and File a Joint Return

question 19

Short Answer

Carl,age 59,and Cindy,age 49,are married and file a joint return.During the current year,Carl had a salary of $41,000 and Cindy had a salary of $35,000.Both Carl and Cindy are covered by an employer-sponsored pension plan.Their adjusted gross income for the year is $94,000.Determine the maximum IRA contribution and deduction amounts.
​

---

Definitions:

Self-Concept

An individual’s perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and values.

Immobility

The lack of ability to move freely or easily, often as a result of a health condition or physical restraint.

Depression

A psychological condition marked by a continuous low mood or lack of enthusiasm for activities, leading to considerable disruption in everyday functioning.

Gait

The manner in which a person walks, including rhythm, speed, and stride length.