Multiple Choice
H (age 50) and W (age 48) are married but only W is employed.She is not covered by a retirement plan at work.She earns $75,000 during the year and they have combined AGI of $78,000 before any IRA contribution.In 2019,the maximum amount together they may contribute to tax deductible IRAs is
A) $6,000.
B) $7,000.
C) $12,000.
D) $13,000.
Correct Answer:
Verified
Correct Answer:
Verified
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