Christine, a 28-year-old fashion consultant, advises female CPAs on stylish business attire. She generates a net profit of $50,000 per year from her business. She does not participate in a retirement plan. Her 30-year-old husband, Sean, an auditor at a local accounting firm, grosses $75,000 and participates in the firm's 401(k) plan. The two have no other income to report on their 2022 Form 1040. Which of the following statements is true? A.Christine and Sean could contribute $6,000 each to their respective IRAs, but they would be nondeductible contributions since their joint MAGI is in excess of $129,000. B. Christine could contribute $6,000 to an IRA, but it would be a nondeductible contribution since the couple's joint MAGI is in excess of $109,000. Christine could contribute $6,000 to an IRA and it would be a deductible contribution C. because she is not an active participant in a retirement plan and the couple's joint MAGI is less than $204,000. D.Christine could not make a deductible contribution to an IRA under this scenario since Sean is an active participant in his employer-provided retirement plan.

Christine, a 28-year-old fashion consultant, advises female CPAs on stylish business attire. She generates a net profit of $50,000 per year from her business. She does not participate in a retirement plan. Her 30 -year-old husband, Sean, an auditor at a local accounting firm, grosses $75,000 and participates in the firm's 401(k) plan. The two have no other income to report on their 2022 Form 1040 . Which of the following statements is true? A. Christine and Sean could contribute $6,000 each to their respective IRAs, but they would be nondeductible contributions since their joint MAGI is in excess of $129,000. B. Christine could contribute $6,000 to an IRA, but it would be a nondeductible contribution since the couple's joint MAGl is in excess of $109,000. Christine could contribute $6,000 to an IRA and it would be a deductible contribution C. because she is not an active participant in a retirement plan and the couple's joint MAGl is less than $204,000. D. Christine could not make a deductible contribution to an IRA under this scenario since Sean is an active participant in his employer-provided retirement plan