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Question - Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2017 is $189,000, and they earn salaries of $87,000 and $95,000, respectively.
Compute the following amounts. If an amount is zero, enter "0". Do not round intermediate computations.
a. The amount each can contribute to a regular IRA.
b. The amount each can deduct for regular IRA contributions.
c. The amount each can contribute to a Roth IRA.
d. The amount each can deduct for Roth IRA contributions.
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