Multiple Choice
Isabelle and Marshall are married with salaries of $50,000 and $45,000,respectively.Adjusted gross income on their jointly filed tax return is $103,000.Both individuals are active participants in employer provided qualified pension plans.What are Isabelle and Marshall's maximum combined IRA contribution and deduction amounts?
Contribution Deduction
A) $-0- $-0-
B) $11,000 $2,500
C) $11,000 $5,500
D) $11,000 $8,800
E) $11,000 $11,000
Correct Answer:

Verified
Correct Answer:
Verified
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