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Evelyn and Robert Beaudreau finalized their divorced on January 2, 2019. During the current year, Evelyn...

Evelyn and Robert Beaudreau finalized their divorced on January 2, 2019. During the current year, Evelyn will receive $28,120 in alimony payments and $46,000 in child support. In addition, she will earn $38,880 at her job and her AGI will be $68,000. Assuming Evelyn is an active participant in the company plan, what is the maximum deductible contribution she can make to her IRA?

$0

$848

$2,200

$6,000

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Answer #1

Answer :

$6,000

Explanation:

Total annual contribution by a taxpayer aged under 50 to traditional and Roth IRA combined cannot exceed $6,000 for the year 2019. Therefore, maximum deductible contribution Evelyn can make to her IRA will be $6,000

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