Discussion Question $6-2($LO$.1)$

Michael, who is single, age $20$ and claimed by his parents as a dependent, earned $$20,000$ at the K$-$M Resort Golf Club during the surnmer prior to his senior year in college. He wants to make a contribution to a traditional IRA, but the amount is dependent on whether it reduces his taxable income.

If Michael is going to claim the standard deduction, will a contribution to a traditional IRA reduce his taxable income?

Because the traditional IRA contribution is a deduction! $$ AGI, it $x$ reduce his taxable income and $x$ the amount of standard deduction or his itemized deductions.