During 2018,Jacob,a 19-Year-Old Full-Time Student,earned $4,500 During the Year and Was

Multiple Choice

During 2018,Jacob,a 19-year-old full-time student,earned $4,500 during the year and was not eligible to participate in an employer-sponsored retirement plan.The general limit for deductible contributions during 2018 is $5,500.How much of a tax-deductible contribution can Jacob make to an IRA?

A) $0 (Full-time students are not allowed to participate in IRAs)
B) $500
C) $4,500
D) $5,500