Question: Ed and Cathy, both under age 50, file a joint return. Neither is covered under an employer pension plan. Cathy earned compensation of $53,000 in

Ed and Cathy, both under age 50, file a joint return. Neither is covered under an employer pension plan. Cathy earned compensation of $53,000 in 2019. Ed worked part time and earned $1,200. What is the maximum deductible IRA contribution they can make in 2019?

Multiple Choice

$0.
$6,000.
$7,200.
$12,000.

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