What is the amount of the deductible ira contribution that


Dick and Jane are married, filing jointly, and have a combined modified AGI of $97,000 in 2013. John is 45 and Mary is 44. John is an active participant in his employer's 401(k) plan, but Mary is not. What is the amount of the deductible IRA contribution that John and Mary can make for 2013 assuming that both earn more than $7,000?

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Finance Basics: What is the amount of the deductible ira contribution that
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