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LLO 3. Brian has income of $57,000 for the year, and his wife has no income. Brian is 40 years old and an active participant
LLO 3. Brian has income of $57,000 for the year, and his wife has no income. Brian is 40 years old and an active participant in an employer retirement plan If Brian makes a $750 contribution to his wife's spousal IRA, what is the maximum deductible contribution that he can make to his own IRA? $1,250 $3,250 $4,250 $6,000 4. Marcus and Maggie Blamey (file MFJ return) have a combined AGI of $125,000. Marcus is an active participant in his employer's defined-benefit qualified retirement plan. Maggie is not an active participant in any retirement plan. If Maggie earns $3,400 in 2019. how much of a deductible IRA contribution may she make in 2019? (A) $0 (C) $3,400 (B) $340 (D) $6,000
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