1) Margaret(23) and her husband, Phil (23), are married and filling a joint return. Margaret earned $7,700 in wages this year. Phil received $5,210 in unemployment compensation this year. in addition, they received $15,400 in capital gain income from the sale of investment property, if Margaret makes a $5,500 contribution to the Roth IRA, what is the maximum Phil may contribute to this IRA?

A) $0 B) $2,200 C) $5,120 D) $5,500

2) Kevin, a 19-year old full time college student, earned $3000 in wages and had a net profit of $ 750 from self-employment. He paid $106 in self-employment taxes and deducted $53 of his self- employment Schedule 1( Form 1040), line 27, His maximum IRA contribution for 2018 is:

A) $0 B) $750 C) $3,697 D) $3,750

3) Brian, a 48-year-old single taxpayer, earned $ 98,000 in wages. He is not covered by an employer-sponsored retirement plan. What is his maximum allowable contribution to a traditional IRA for 2018?

A) $0 B) $5,500 C) $6,500 D) $18,500

4) Adam (48) and Sara(47) are married filling jointly with modified adjusted gross income of $115,000. Adam is covered by an employer-sponsored retirement plan at his work,but Sara is not, what is Sara's maximum IRA deduction for 2108?

A) $0 B) $1,650 C) $5.500 D) $6,500

5) The following taxpayers are covered by an employer-sponsored retirement plan, which one may FULLY DEDUCT their traditional IRA contribution?

A) Kelli files single, her modified AGI is $63,050.

B) Mark files head of household. his modified AGI is $67,000.

C) Samantha is married and lived with her spouse all year, she chooses to file a separate return. her modified AGI is $9,975.

D) Donald is married and files a joint return. The couple's modified AGI is $98,500.