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What is the amount of Martha maximum deductible

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Reference no: EM132704192

Problem - Martha and Rob, a married couple, under 50 years of age, have adjusted gross income on their 2018 joint income tax return of $45,000, before considering any IRA deduction. Martha and Rob have no earned income. What is the amount of Martha's maximum deductible IRA contribution?

a. $2,700

b. $3,500

c. $5,500

d. $11,000

e. $0

Reference no: EM132704192

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