28. Which of the following statements about travel expenses is (are) corroct? I. The client is allowed to have one tax home to determine travel expenses, but not two. II. The client may not have any tax home to determine travel expenses. a. I only b. II only c. Both I and II d. Neither I nor II 29. All of the following statements about solo-k plans (sometimes called uni-k plans) are correct except: a. They can be designed with a Roth feature. b. They can have plan loans. c. They can allow your elient to exceed $100,000 in savings per year. d. They can provide a client with W-2 and Schedule C income the ability to save most (sometimes all) of their Schedule C income in a tax preferrod manner. 30. As a general rule you can estimate how long it will take for a client's moncy to double by dividing the interest rate that is expected to be carned into a. 50 b. 72 c. 100 d. 144 31. All of the following statements concerning the Saver's Tax Credit (also known as the Retirement Savings Tax Credit) are correct except: a. A client may receive the credit if they contribute to an IRA. b. A client may receive the credit if they contribute to a 401(k) plan. c. A client may who is eligible to receive the credit will essentially offset some of the cost they had in saving for their retirement. d. A client will be eligible for the eredit just because they are a full-time student. 32. Patty (age 30 and single) is going to contribute $6,000 to an IRA. She is an active participant in a qualified retirement plan. She has a modified adjusted gross income of $67,000. How much of her deduction is deductible? (As you know the phaseout floor is $65,000 and the phaseout ceiling is $75,000 ) a. 0 b. $1,200 c. $4,800 d. $6,000