Fred and Irma Are Married with Salaries of $49,000 and $44,000,respectively.Their

question 97

Short Answer

Fred and Irma are married with salaries of $49,000 and $44,000,respectively.Their combined AGI is $105,000.Both are active participant in their companies' qualified pension plans.Determine their maximum combined IRA contribution and deduction amounts?
$\begin{array}{cl}\begin{array}{c}\text { Maximum } \\\underline {\text { Contribution }}\end{array} & \begin{array}{c}\text { Maximum } \\\underline {\text { Deduction }}\end{array} \\a. \$ 5,500 & \$ 2,750 \\b.\$ 11,000 & \$ 2,750 \\c.\$ 11,000 & \$ 5,500 \\d.\$ 11,000 & \$ 7,500 \\e.\$ 11,000 & \$ 11,000\end{array}$

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Definitions:

Bronchioles

Small passages in the lungs that connect the bronchi to the alveoli, facilitating the transfer of oxygen and carbon dioxide.

Nasal Cavity

The large air-filled space behind the nose involved in respiration and filtering, warming, and moistening incoming air.

Glottis

The part of the larynx consisting of the vocal cords and the slit-like opening between them, involved in breathing, producing sound, and protecting the trachea against food aspiration.

Major Function

The primary role or activity through which a system, organ, or molecule contributes to the overall operation or purpose of an organism.