Question 15)

A contribution to a traditional IRA may be tax deductible. Assuming your taxpayer meets the age and compensation requirements, what factor(s) determine whether their contribution is deductible?

A)The taxpayer's tax liability.

B)Whether the taxpayer is covered by an employer-sponsored retirement plan.

C)The taxpayer's modified AGI and their tax liability.

D)The taxpayer's modified AGI and whether they are covered by an employer-sponsored retirement plan