Multiple Choice
Tucker (age 52) and Elizabeth (age 48) are a married couple.Tucker is covered under a qualified retirement plan at his job and earned $90,000 in 2014.Elizabeth 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 $25,000.What is the maximum amount of tax deductible contributions may be made to a traditional IRA?
A) $0
B) $11,000
C) $5,500
D) $12,000
Correct Answer:

Verified
Correct Answer:
Verified
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