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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 $36,000 after deducting her 401(k) contribution. What is Pennys savers credit in each of the following alternative scenarios? (Use Exhibit 13-8) (Leave no answer blank. Enter zero if applicable.) Problem 13-83 Part a (Static)
a. Penny is not married and has no dependents.
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