a)

Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit:

May be claimed as a dependent on another person's return, as long as they are under age 27.

May have employer-sponsored health care coverage.

Must have household income for their family size that is less than 150% of the federal poverty level.

Will receive a refund if the amount of the credit is larger than the tax they owe.

b)

Victoria Perez (18) will be claimed as a dependent on her parents' 2019 tax return. During the year, she earned $1,575 in wages from a part-time job and $100 in interest from her savings account. What is the maximum amount she may contribute to a traditional or Roth IRA for 2019?

$0

$1,000

$1,575

$1,675

c)

All of the following are qualified contributions for an employee claiming the retirement savings contributions credit (Saver's Credit) EXCEPT:

Contribution to a Roth IRA.

Employer's matching contribution to the employee's 401(k) plan.

Nondeductible contribution to a traditional IRA.

Voluntary contribution to a 403(b) tax-sheltered annuity.