Jack and Jill file a joint tax return in 2016 and they each

have a salary of $74,000 and a total ...

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 Jack and Jill file a joint tax return in 2016 and they each have a salary of $74,000 and a total
AGI of $186,000. Jack is covered by a pension plan and Jill is not. For 2016 they can claim a
combined IRA deduction of (phaseout for married filing jointly is $98,000 - 118,000 for those
covered by a pension plan and $184,000 - 194,000 for spouses not covered by a pension plan):
a. $0. b. $5, 500. c. $3, 850. d. $4, 400. e. none of the above. Jack and Jill are each covered by
a pension plan and have a combined AGI on their tax return for 2016 of $175,000. They would
like to contribute to a Roth-IRA in 2016. Which of the following statements are true? (The
phaseout for 2016 for a joint return is $184,000 - $194,000). a. They cannot contribute to a Roth-
IRA in 2016 b. Each can contribute $5, 500 which is deductible for AGI. c. Each can contribute
$5, 500 which is not deductible. d. Only one of them can contribute to the Roth-IRA. e. none of
the above

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