< eBook Exercise 19-16 (Algorithmic) (LO. 6) Myers, who is single, has compensation income of $70,400 in 2021. He is an active participant in his employer's qualified retirement plan. Myers contributes $6,000 to a traditional IRA. Click here to access Exhibit 19.4 Phaseout of IRA Deduction of an Active Participant. Do not round any division. If required, round your answer to the nearest dollar. Of the $6,000 contribution, how much can Myers deduct? 3,600 X Feedback Check My Work An individual can contribute to a traditional Individual Retirement Account (IRA) assuming the person (or spouse) receives taxal These contributions may be deductible, depending upon income level and access to another work-related retirement plan.