15. For 2020, Jack, who is single, is covered by a pension plan. His AGI is $71,000. What is the MAXIMUM he can contribute to a deductible IRA? (The phaseout for 2020 for single is $65,000 - $75,000).

		$3,600
		$2,400
		$6,000
		$0

Clark is married and files a joint tax return for 2020. Clark has investment interest expense of $95,000 for a loan made to him in 2015 to purchase a parcel of unimproved land. His income from investments (interest only) totaled $15,000. Calculate Clark's investment interest deduction for 2020.

		$95,000
		$15,000
		$13,900
		$18,000

Which of the following qualifies for the earned income credit?

		Kate, unmarried, maintains a household for a dependent 12 year old son. Her income consists of salary of $10,500 and $300 of interest from a savings account.
		Eduardo is single, 19 years of age and earns $3,000 of wages. He has no dependents
		George is 70 years old and has earned income of $2,500. He has no dependents and is not married.
		Frank and Karen have six children. Frank has a salary of $95,000 and files a joint return with his wife Karen