Multiple Choice
Jody is a physician (not covered by a retirement plan) with a salary of $40,000 from the hospital where she is employed. She supports her husband, Andre, who sells art work and has no earned income. Both are in their twenties. What is the maximum total amount that Jody and Andre may contribute to their IRAs and deduct for the 2019 tax year?
A) $5,500
B) $6,000
C) $12,000
D) $11,000
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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