Multiple Choice
Mr. and Mrs. Lawry, both age 60, each make the maximum contribution to their traditional IRA. Mr. Lawry is an active participant in a section 401(k) plan, but Mrs. Lawry is not an active participant in any other qualified plan. If their joint AGI before any IRA deduction is $144,900, compute their AGI.
A) $144,900
B) $139,900
C) $138,900
D) $132,900
Correct Answer:
Verified
Correct Answer:
Verified
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