Myers, who is single, reports compensation income of $70,000 in 2018. He is an active participant in his employer's qualified retirement plan. Myers contributes $5,500 to a traditional IRA. Of the $5,500 contribution, how much can Myers deduct? See Exhibit 11.3, Phaseout of Traditional IRA Deduction of an Active Participant in 2018.

In Exhibit 11.3

Phaseout of Traditional IRA Deduction of an Active Participant in 2018

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Phaseout Ends* Phaseout AGI, Filing Status Single and head of household Married, filing joint return Married, filing separate return Begins* $ 73,000 $ 63,000 101,000 121,000 10,000 -0-