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Ellen
Ellen, Lawyer
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Homer and Marge are married and have an adjusted gross income

Customer Question

Homer and Marge are married and have an adjusted gross income of $173,000. Currently, neither is covered by an employer sponsored pension plan. They have never established an Individual Retirement Account until this year, when they opened a Roth IRA. What is the maximum amount they can each contribute to their Roth IRAs? (Points : 1)
$1,000
$2,000
$3,000
$4,000
$5,000
Submitted: 5 years ago.
Category: Homework
Expert:  Ellen replied 5 years ago.

WebLaw :

Susan please start each question with "WebLaw" so that I receive the questions

WebLaw :

$5,000

WebLaw :

Please accept and then feel free to ask me another question - if you’re a subscriber, you can do so at no additional cost beyond your monthly payment. Please bookmark my profile page here so you can come back and ask me a question anytime: http://www.justanswer.com/law/expert-weblaw/

Thank you very much,
WebLaw

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Customer: replied 5 years ago.
The correct answer was $2000
Expert:  Ellen replied 5 years ago.
Really. My apologies

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