Question: Sol and Julia Crane (both age 43) are married and filed a joint return for 2010. Sol earned a salary of $110,000 in 2010 from

Sol and Julia Crane (both age 43) are married and filed a joint return for 2010. Sol earned a salary of $110,000 in 2010 from his job at Troy Corp., where Sol is covered by his employer’s pension plan. In addition, Sol and Julia earned interest of $3,000 in 2010 on their joint savings account.

Julia is not employed, and the couple had no other income.

On July 15, 2010, Sol contributed $5,000 to an IRA for himself, and $5,000 to an IRA for his spouse. The allowable IRA deduction in the Cranes’ 2010 joint return is

a. $0

b. $ 4,000

c. $ 5,000

d. $10,000

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