Exercise 19-20 (LO. 6) Myers, who is single, has compensation income of $70,000 in 2018. He is an active participant in his employer's qualified retirement plan. Myers contributes $5,500 to a traditional IRA Click here to access Exhibit 19.3 Phaseout of IRA Deduction of an Active Participant. Therefore, of the $5,500 contribution, Myers can deduct