5. Maximum Annual Contributions to IRAs. H and W file a joint tax return. W is a lawyer with current-year earned income of $180,000. H works part-time as a land-scape architect and earned $22,000 in the current year. a. Assume that W is an active participant in the firm's qualified profit-sharing plan. How much may W and H contribute to their IRAs for the current year? How much of the contribution is deductible? b. Assume neither H nor W is an active participant in a qualified retirement plan. How does this assumption change your answers to (a) above