Escobar and Rose Are Both Age 36 and File a Joint

question 7

Multiple Choice

Escobar and Rose are both age 36 and file a joint return.Neither is covered under an employer plan.Escobar earned $121,000 of compensation in 2016.Rose worked part-time and earned $1,200.What is the maximum deductible IRA contribution they can make in 2016?

• A)$5,500.
• B)$6,700.
• C)$11,000.
• D)$0.