Deducting for a contribution to a traditional ira

Reference no: EM13146487

Sammy, age 31, is unmarried and is not an active participant in a qualified retirement plan. His modified AGI is $55,000 in 2010. The maximum amount that Sammy can deduct for a contribution to a traditional IRA is:

a) $2,800.

b) $3,500.

c) $4,000.

d) $5,000.

Reference no: EM13146487

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Deducting for a contribution to a traditional ira : Sammy, age 31, is unmarried and is not an active participant in a qualified retirement plan. His modified AGI is $55,000 in 2010. The maximum amount that Sammy can deduct for a contribution to a traditional IRA is:

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