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What is the maximum amount they can contribute

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Question - Adam and Wendy are both considering contributing to an IRA. They are married, both are over age 50, and both are employed and covered by retirement plans at work. Their modified AGI is $96,000. What is the maximum amount they can contribute and deduct on their tax return?

a) $11,000

b) $12,000

c) $13,000

d) $14,000

Reference no: EM132503921

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