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What is the maximum amount Lyndon can deduct

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Problem - Lyndon, age 24, has a nonworking spouse and earns wages of $36,000 for 2019. He also received rental income of $5,000 and dividend income of $900 for the year. What is the maximum amount Lyndon can deduct for contributions to his and his wife's individual retirement accounts for the 2019 tax year?

a. $11,000

b. $5,500

c. $6,000

d. $12,000

e. None of the above

Reference no: EM132674914

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