Fred and Flossie Are Married and Their Adjusted Gross Income

question 53

Multiple Choice

Fred and Flossie are married and their adjusted gross income is $200,000. Both Fred and Flossie are active participants in their company's qualified pension plan and have never established an Individual Retirement Account. What is the maximum combined amount they can contribute to Roth IRAs?

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

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