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Donna, age 50, is single and earns $50,000 annually. She is covered under her employer's retirement plan. She qualifies for a full deduction based on

Donna, age 50, is single and earns $50,000 annually. She is covered under her employer's retirement plan. She qualifies for a full deduction based on her modified AGI. Donna would like to start a traditional IRA and contribute $6,400 this year. The maximum annual contribution limit for workers less than 50 years of age is $6,000. Workers age 50 and over can contribute an additional $1,000 per year.

Donna can contribute a total of $ per year without incuring an excise tax. When Donna files her taxes, $ of her contribution will be income-tax deductible.

IMPORTANT: Your answers should be rounded to the nearest integer and should NOT include symbols ('$' or ',').

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