Which of the following statements concerning deductible ira, Ask an Expert

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Which of the following statements concerning deductible IRA contributions in the year 2017 is NOT correct?

a) A single wage-earner (under age 50) is limited to the lesser of $5,500 or 100% of his or her adjusted gross income (AGI) annually.

b) A married couple with both spouses working may each contribute the maximum permitted a single wage-earner

c) A married couple with only one spouse working, both under age 50, may contribute a total of $11,00

d) A 51 year old divorced person, who receives $6,000 of alimony which is includible in his or her income, may contribute a maximum of $6,000

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Financial Management, Finance

Category:- Financial Management
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