12. PR.04-10 (Algorithmic) Problem 4-10 Individual Retirement Accounts (LO 4.6) Phil and Linda are 25-year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not. If an amount is zero, enter "0". a. Assuming Phil's wages were $27,000 and Linda's wages were $18,500 for 2017 and they had no other income, what is the maximum amount of their deductible contributions to a traditional IRA for 2017? Phil $ Linda $ b. Assuming Phil's wages were $51,000 and Linda's wages were $70,000 for 2017 and they had no other income, what is the maximum amount of their deductible contributions to a traditional IRA for 2017? Phil $ Linda $