45. Which of the following persons could make tax-deductible contributions to a traditional IRA regardless of their modified adjusted gross income (MAGI)? A. Gary is self-employed and contributes the maximum to a SEP IRA plan he has for himself and his employees B. Sara works for a Section 501(c)(3) tax-exempt organization, and she participates in the Section 403(b) plan her employer sponsors C. Janice, a single taxpayer carning $110,000 per year, defers $19,500 to her employer's Section 401(k) plan D. Max is 55, employed full time and participates in his employer's Section 457 plan 46. When is a traditional IRA appropriate? I. A taxpayer wants to defer taxes on investment income. II. Sheltering current compensation or earned income from taxation is a taxpayer's goal. III. A taxpayer wishes to accumulate assets for retirement purposes. IV. Traditional IRAs are seen as an important supplement or alternative to a qualified pension or profit-sharing plan. A. I, II, III, and IV B. III only C. I only D. II and