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Jack (age 45) and Jill (age 42) are married, and their filing status is Married Filing Jointly. Jack is an engineer and Jill is a
Jack (age 45) and Jill (age 42) are married, and their filing status is Married Filing Jointly. Jack is an engineer and Jill is a homemaker. During 2018, Jack had wages of $115,000 and was covered by a retirement plan at work. They also had interest income of $2,850 and dividend income of $8,580. Jack contributed $5,500 to his traditional IRA account. Jill contributed $3,500 to her traditional account and $2,000 to her Roth IRA account. What amount would their IRA deduction be for the year? 51. a) $11,000 b) $ 9,000 c) $ 5,500 d) $ 3,500 Mie o epriadshes 1ovalgme a
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