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Escobar and Rose Are Both Age 36 and File a Joint

question 31

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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 2015. Rose worked part-time and earned $1,200. What is the maximum deductible IRA contribution they can make in 2015?


Definitions:

Snout Size Reduction

A phenomenon observed in the domestication process where animals, particularly dogs, show a decrease in snout length compared to their wild ancestors.

Primates

A mammalian order that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and versatile limbs.

Skull Opening

Also known as trepanation, it is an ancient surgical procedure involving the drilling or scraping of a hole into the human skull.

Paleoanthropologists

Scientists who specialize in the study of the origins and development of early humans through fossil records.

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