Kathy and Patrick Are Married with Salaries of $28,000 and $21,000,respectively.Adjusted

Short Answer

Kathy and Patrick are married with salaries of $28,000 and $21,000,respectively.Adjusted gross income on their jointly filed tax return is $54,000.Both individuals are active participants in employer provided qualified pension plans.What are Kathy and Patrick's maximum combined IRA contribution and deduction amounts?
$Contribution\quad Deduction$
a. $\$-0- \quad\$ - 0 -$
b. $\$ 11,000 \quad \$ - 0 -$
c. $\$ 5,500 \quad \$ 5,500$
d. $\$ 11,000 \quad \$ 8,000$
e. $\$ 11,000 \quad \$ 11,000$