TAXATION

John (age xx ) and Mary (age xx ) both work. John is/is not covered by a pension plan where he works. Mary is/is not covered by a pension plan where she works. John and Mary will file a joint income tax return for 2023. Their only income in 2023 is from wages as follows: John-wagesMary-wages$xxxx REQUIRED: a. What is the MAXIMUM allowable deductible contribution that John can make to his traditional Individual Retirement account for 2023 ? b. What is the MAXIMUM allowable deductible contribution that Mary can make to her traditional Individual Retirement account for 2023 ? c. What is the MAXIMUM allowable deductible contribution that John can make to his Roth Individual Retirement account for 2023 ASSUMING THAT NO CONTRIBUTION IS MADE TO A TRADITIONAL IRA? d. What is the MAXIMUM allowable deductible contribution that Mary can make to her ROTH Individual Retirement account for 2023 ASSUMING THAT NO CONTRIBUTION IS MADE TO A TRADITIONAL IRA