Barbara is a single taxpayer who had a 2015 adjusted gross income of $25,000 and contributed $4,000 to her traditional IRA. Assuming she has a $2,000 income tax liability for the year, what is her maximum retirement contribution savings credit?

a. $200

b. $800

c. $1,000

d. $2,000

Gail and Bob are married and file a joint tax return in 2015. They had a $34,000 adjusted gross income and each deferred $2,000 into their employers 401(k) plan. If they have a $500 income tax liability, what is the amount of their retirement contribution savings credit?

a. $0

b. $500

c. $1,000

d. $2,000

Bill, age 65, has 2015 unreimbursed medical expenses totaling $20,000 and an adjusted gross income of $170,000. What is the amount of such medical expenses he can deduct?

a. $0

b. $3,000

c. $7,250

d. $20,000

Carol is eligible for a $2,000 health insurance premium credit in 2015. How much of that credit will she actually receive if she has a total income tax liability of only $500?

a. $0

b. $500

c. $1,500

d. $2,000