Johan is married and his spouse is not employed. They file jointly and their AGI is $132,700. Each has contributed $7,000 to an IRA. Johan is covered by his employer's defined benefit plan. What is the amount of their IRA deduction for 2024 They are both 40.
A)
$10,610
B)
$10,605
C)
$14,000
D)
$7,000
$6,000
B)
$13,000
C)
$4,800
D)
$0