Cisco and Carmen Are Both in Their 30's and Are

Multiple Choice

Cisco and Carmen are both in their 30's and are married.Carmen earns $69,000 and Cisco earns $28,000.Their adjusted gross income is $105,000.Carmen is an active participant in her company's pension plan.Cisco's employer does not have a pension plan.What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts?
Contribution Deduction

A) $-0- $-0-
B) $11,000 $5,500
C) $11,000 $9,350
D) $11,000 $11,000