Question
Penny is 57 years old and she participates in her employers 401(k) plan. During the year, she contributed $2,000 to her 401(k) account. Pennys AGI
Penny is 57 years old and she participates in her employers 401(k) plan. During the year, she contributed $2,000 to her 401(k) account. Pennys AGI is $27,000 after deducting her 401(k) contribution.
What is Pennys 2015 savers credit in each of the following alternative scenarios?
a. Penny is not married and has no dependents.
Saver's Credit:________________________
b. Penny files as a head of household and she has three dependents.
Saver's Credit:________________________
c. Penny files as a head of household and she has one dependent.
Saver's Credit:________________________
d. Penny is married and files a joint return with her husband. They have three dependents.
Saver's Credit:________________________
e. Penny files a separate tax return from her husband. She claims two dependent children on her return.
Saver's Credit:________________________
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