Multiple Choice
Tyler (age 50) and Connie (age 48) are a married couple.Tyler is covered under a qualified retirement plan at his job and earned $175,000 in 2016.Connie is employed as a lab technician and earned $30,000 but is not covered under a qualified retirement plan.They file a joint return;have interest and dividend income of $30,000.What is their maximum for AGI deduction for contributions to a traditional IRA?
A) $0
B) $5,500
C) $6,500
D) $12,000
Correct Answer:

Verified
Correct Answer:
Verified
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