Problem 5-4 Individual Retirement Accounts (LO 5.3) Phil and Linda are 25-year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not If an amount is zero, enter "0". a. Assuming Phil's wages were $27,000 and Linda's wages were $18,500 for 2019 and they had no other income, what is the maximum amount of their deductible contributions to a traditional IRA for 2019? Phil 5,500 X Linda $ 5,500 X Feedback Check My Work Incorrect b. Assuming Phil's wages were $55,000 and Linda's wages were $70,000 for 2019 and they had no other income, what is the maximum amount of their deductible contributions to a traditional IRA for 2019? Phil S 5,500 X Linda $ 0