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3. Assume that Scott graduates and the couple's gross income is $140,000. Both Scott and Allison participate in their employers' retirement plans. Is Scott eligible
3. Assume that Scott graduates and the couple's gross income is $140,000. Both Scott and Allison participate in their employers' retirement plans. Is Scott eligible to make a contribution to Roth IRA? a) Circle one: Yes (go to part b) No (go to part c) b) Why? c) Why not? Is Scott eligible to make a tax-deductible contribution to traditional IRA? ? d) Circle one: Yes (go to part b) No (go to part c) e) Why? 1) Why not
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