Zorica and Pierre are married and file a joint return. Zorica earns $59,500 and Pierre $35,000. Their

Question:

Zorica and Pierre are married and file a joint return. Zorica earns $59,500 and Pierre $35,000. Their adjusted gross income is $105,000. Determine the maximum IRA contribution and deduction in each of the following cases:
a. Neither Zorica nor Pierre is covered by an employee-sponsored pension plan.
b. Only Zorica is covered by an employee-sponsored pension plan.
c. Assume the same facts as in part b, except that Pierre has no income and their adjusted gross income is $124,000.