The Revised AGI threshold for purposes of determining the taxable portion of social security payments to a married taxpayer who lived with his spouse for the entire year, and files a separate tax return is $______________________. A couple's 2021 AGI consists solely of the husband's wages of $115,000. The husband is an active participant in his employer's 401(k) plan at work. How much can the wife contribute to her traditional IRA if the wife is 52 years old and will only contribute to her IRA if it can be deducted? 

a - $0

b - $3,000

c - $3,500

d - $6,000

e - $7,000

Answer rating: 100% (QA)

To determine the wifes eligibility to contribute to her traditional IRA and if the contribution can ... View the full answer