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Miles (45) and Sarah (51) Tobias are married, and they will file a joint return...

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Accounting

Miles (45) and Sarah (51) Tobias are married, and they will file a joint return for 2021. During the year, Miles earned $95,000 in wages; Sarah earned $19,700 from a part-time job and was not a participant in an employer-maintained retirement plan. They had no other income. What is the maximum amount the couple may contribute to Sarah's traditional IRA for 2021?

$0

$3,500

$6,000

$7,000

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