12. Retirement Savings Contributions Credit. (Obj. 2) Tom and Meg Wherry's joint tax return for 2022 shows $46,000 of AGI. During the year, Tom contributed $3,000 to his IRA and Meg contributed $1,500 to her IRA. What amount of tax credit is available for these contributions?

12. Retirement Savings Contributions Credit. (Obj. 2) Tom and Meg Wherry's joint tax return for 2022 shows $46,000 of AGI. During the year, Tom contributed $3,000 to his IRA and Meg contributed $1,500 to her IRA. What amount of tax credit is available for these contributions