1.Gwen is age 51, married, and they reported AGI of $105,000 in tax year 2019. She is an active participant in her employer's pension plan. What amount of deductible IRA contribution is allowed in 2019?

A) $700.

B) $550.

C) $6,300.

D) $4,950.

. 2. On November 1, 2019 Bob sold stock for $110,000 and paid a sales commission of $3,000. The stock had cost him 101,000 on November 10, 2018. The gain/loss realized on the sale would be:

	a.	$6,000 long-term
	b.	$9,000 long-term
	c.	$6,000 short-term
	d.	$9,000 short-term
	e.	None of the above