Which statement is true about IRA contribution limits?

a. The combined total max contribution to both a Traditional and Roth is $5,500 ($6,500 for age 50 and over).

b. For a person age 30, the max contribution that can be made is $5,500 to a Traditional IRA plus $5,500 to the Roth IRA.

c. A contribution can be made to either a Roth or a Traditional for any one year, but not both.

d. Contributions to Traditional and Roth IRAs are treated the same for tax purposes.

Mrs. Smith, age 55 and single, has wages of $3,000 and dividend income of $68,000. She is not an active participant in a qualified plan. What is the max amount of her Traditional IRA contribution that would be deductible for 2018?

a. $3,250.

b. $3,000

c. $6,500

d. $5,500