On February 12, 2021, Jay, who is single and age 30, establishes a traditional IRA and contributes $6,000 to the account. Jay's adjusted gross income is $68,000 in 2020 and $64,000 in 2021. Jay is an active participant in an employer-sponsored retirement plan. Read the requirements. Requirement a. What amount of the contribution is deductible? In what year is it deductible? in 2020, Jay may deduct because and the contribution made by the due date for 2020. As an alternative, Jay can elect to treat the IRA contribution as made for 2021. In this scenario, is deductible in 2021. Requirement b. How is the deduction (if any) reported (i.e., for AGI or from AGI)? A. The deduction is for AGI. B. The deduction is from AGI. C. Not applicable, no contribution is deductible. Requirement c. How would your answer to Part a change, if at all, if Jay were not an active participant in an employer-sponsored retirement plan? Jay may deduct since Requirement c. How would your answer to Part a change, if at all, if Jay were not an active participant in an employer-sponsored retirement plan? Jay may deduct since Requirement d. How would your answer to Part a change if Jay were married and files a joint return with his spouse, who has no earned income? (Assume their combined AGI is $97,500.) Based on the contribution dated February 12, 2021, Jay may deduct since