Ross and Reba Are Both in Their 30's and They

Multiple Choice

Ross and Reba are both in their 30's and they are married. Reba earns $64,000 annually, and Ross earns $1,800 annually working part time. Their adjusted gross income is $81,500. Reba participates in an employer-sponsored retirement plan. Ross and Reba contribute the maximum amount allowable annually to their IRAs. What is their allowable deduction for this year's contributions?

A) $- 0 -
B) $1,800
C) $5,000
D) $6,800
E) $11,000