I need some help with this tax question.
Phil, age 30, is married and files a joint return with his spouse. On February 15, 2016, Phil establishes a traditional IRA for himself and a spousal IRA for his spouse with a $11,000 contribution, $5,500 for himself and $5,500 for his wife. Phil’s spouse earned $1,000 in 2015 from a part-time job, and their combined AGI is $75,000. Neither Phil nor his spouse is an active participant in an employer-sponsored retirement plan.
A) What amount of the contribution is deductible?