Cisco and Carmen are both in their 30's and are married. Carmen earns $69,000 and Cisco earns $28,000 . Their adjusted gross income is $105,000 . Carmen is an active participant in her company's pension plan. Cisco's employer does not have a pension plan. What are Carmen and Cisco's maximum combined IRA contribution and deduction amounts?
Contribution Deduction
a. $-0- $-0-
b. $11,000 $5,500
c. $11,000 $9,350
d. $11,000 $11,000
c
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