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Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer-qualified retirement plans. Their total

Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer-qualified retirement plans. Their total AGI in 2019 is $196,000, and they earn salaries of $87,000 and $95,000, respectively.

Click here to access Exhibit 11.2.

Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations.

Amount
a. The amount each can contribute to a regular IRA. $
b. The amount each can deduct for regular IRA contributions. $
c. The amount each can contribute to a Roth IRA. $
d. The amount each can deduct for Roth IRA contributions. $

Phaseout of Traditional IRA Deduction of an Active Participant in 2019 (Exhibit 11.2)

AGI, Filing Status Phaseout Beginsimage text in transcribed Phaseout Endsimage text in transcribed
Single and head of household $ 64,000 $ 74,000
Married, filing joint return 103,000 123,000
Married, filing separate return 0 10,000

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