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Business, 28.02.2020 18:51 jackblacks

A married couple filing a joint return are separately employed. The husband's employer offers a qualified pension plan and he is an active participant. The wife is self employed and earns $50,000 a year. Which of the following is true regarding IRA contributions made by this couple?[A] Neither the husband or wife are allowed to make tax deductible contributions, but both could make after tax contributions.[B] The husband could only make an after tax contribution, whereas the wife could make a tax deductible contribution.[C] Neither would be allowed to make any type of contribution.[D] The husband could not make any type of contribution, whereas the wife could make a tax deductible contribution.

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