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Mr and Mrs

Question 92

Multiple Choice

Mr. and Mrs. Pointer, ages 45 and 46, each contributed the maximum $6,000 to their traditional IRAs. Each spouse actively participates in an employer-sponsored qualified retirement plan. Compute the deductible IRA contribution on their joint return if their AGI before such deduction is $112,970.


A) $12,000
B) $6,000
C) $6,618
D) $0

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