Question 3 (Chapter 9 ):

Compare and contrast a traditional IRA to a Roth IRA.

Question 4 (Chapter 9 ):

Robbie and Robin, both age 45, are married and filed a joint return for 2021. Robin earned a salary of $100,000 in 2021 and is covered by her employers 401(k) plan. Robbie and Robin earned interest of $40,000 in 2021 from a joint savings account. Robbie is not employed, and the couple had no other income. On April 15, 2022, Robin contributed $6,000 to an IRA for herself and $6,000 to an IRA for Robbie. The maximum allowable IRA deduction on the 2021 joint return is:

a. $0.

b. $4,500.

c. $6,000.

d. $12,000.

Explain how you came to your answer.