Question $11$ of $30.$

Malcolm, a $38-$year$-$old single taxpayer, earned $$79,000$ in wages. Since he does not have any other incom

his modified adjusted gross income $($MAGI$)$ is also $$79,000.$ He is covered by a retirement plan at work.

Malcolm is very interested in saving for retirement, and he would like to contribute to a traditional IRA

does not want to contribute more than he can deduct. What is his maximum deductible contribution fo

$$0($ He is not eligible to make a deductible contribution to a traditional IRA.$)$

$$2,600$

$$6,500$

$$7,500$