48. Steve (age 55) and May (age 48) are married and will file a joint return. Steve is an elementary school teacher, and May is unemployed. During the year, Steve contributed $6,500 to his traditional IRA and May contributed $5,500 to her traditional IRA. Steve had wages of $10,500 for the year. Steve also received $8,500 in unemployment compensation during the year. They also had $1,580 in interest income and $3,560 in dividend income. What would the couple's IRA deduction be for the tax year? Asino do a) $12,000 b) $11,000 c) $ 6,500 d) $10,500