A husband and wife wish to open a spousal IRA. The wife works while the husband does not. What is the permitted maximum contribution to this spousal IRA for the year 2019?

Insurance

Are you having trouble answering the question “A husband and wife wish to open a spousal IRA. The wife works while the husband does not. What is the permitted maximum contribution to this spousal IRA for the year 2019?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

A husband and wife wish to open a spousal IRA. The wife works while the husband does not. What is the permitted maximum contribution to this spousal IRA for the year 2019?

A. $6,000 for the wife; $0 for the husband

B. $6,000 for the wife; $3,000 for the husband

C. $6,000 for the wife; $6,000 for the husband

D. $60,000 for the wife; $60,000 for the husband

Answer: C.

You should now have gotten the answer to your question “A husband and wife wish to open a spousal IRA. The wife works while the husband does not. What is the permitted maximum contribution to this spousal IRA for the year 2019?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.