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19- Jill is an artist (not covered by a retirement plan) with a salary of $50,000 from the studio where she is employed. She supports
19-
Jill is an artist (not covered by a retirement plan) with a salary of $50,000 from the studio where she is employed. She supports her husband, Alex, who sells art work and has no earned income. Both are in their thirties. What is the maximum total amount that Jill and Alex may contribute to their traditional IRAs and deduct for the 2020 tax year?
a.$11,000 b.$5,500 c.None of the above d.$6,000 e.$12,000
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