Jane is single, 35 years old, and earns $50,000 a year as a secretary to the president of Big Time Corporation. She participates in her company's 401(k) plan and also makes a $5,000 contribution to her traditional IRA. Which of the following is true regarding her IRA contribution? a.It is fully deductible because her salary does not reach the phase-out range. b.It is not deductible and will be taxed like an annuity when withdrawn. c.It is only partially deductible because of the phase-out range. d.It is not deductible and will not be taxed when withdrawn.