Belinda and Brett are 35 years old, married, and file a joint return showing an AGI of $650,000. Under these circumstances, how much of total IRA contributions could they deduct, assuming neither Belinda nor Brett is an active participant" in any employer-maintained retirement plan but each has in excess of $6,000 of earned income? (A) () $0 $2,500 $5,000 $12,000 2. Which of the following statements concerning the Roth IRA is correct? (A) (B) Annual contributions of $6,000 can be made to a Roth IRA and to a traditional IRA. Distributions from a Roth IRA are tax-free whenever made. Contributions to a Roth IRA can be withdrawn at any time without incurring income tax. The early distribution penalty (excise) tax does not apply to distributions from a Roth IRA. 3. Brian has income of $57,000 for the year, and his wife has no income. Brian is 40 years old and an active participant in an employer retirement plan. If Brian makes a $750 contribution to his wife's spousal IRA, what is the maximum deductible contribution that he can make to his own IRA? (A) $1,250 w