1 points Save Answer Donna, age 50, is single and earns $50.000 annually. She is covered under her employer's retirement plan: She qualifies for a full deduction based on her modified AGI. Donna would like to start a traditional IRA and contribute 56.400 this year. The maximum annual contribution limit for workers less than 50 years of age is $6,000. Workers age 50 and over can contribute an additional 51,000 per year Donna can contribute a total of $ per year without incuring an excise tax. When Donna files her taxes, 5 of her contribution will be income-tax deductible 1 points Save Answer Donna, age 50, is single and earns $50.000 annually. She is covered under her employer's retirement plan: She qualifies for a full deduction based on her modified AGI. Donna would like to start a traditional IRA and contribute 56.400 this year. The maximum annual contribution limit for workers less than 50 years of age is $6,000. Workers age 50 and over can contribute an additional 51,000 per year Donna can contribute a total of $ per year without incuring an excise tax. When Donna files her taxes, 5 of her contribution will be income-tax deductible