Eli and Adriana, both under age 50, file a joint return. Neither is covered under an employer
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Eli and Adriana, both under age 50, file a joint return. Neither is covered under an employer pension plan. Adriana earned compensation of $53,000 in 2021. Eli worked part-time and earned $1,200. What is the maximum deductible IRA contribution they can make for 2021?
a. $0.
b. $6,000.
c. $7,200.
d. $12,000.
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Related Book For 
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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