Question 48 of 50.

Bart, a 38-year-old single taxpayer, contributed $2,000 to a traditional IRA. His modified adjusted gross income is $30,000, all from wages. Bart has never taken a distribution from any retirement account. He is potentially eligible for a Retirement Savings Contributions Credit (Saver's Credit) of up to what amount?

$0

$200

$400

$2,000

Question 50 of 50.

Alice, a 49-year-old single taxpayer, earned $98,000 in wages. She is not covered by an employer-sponsored retirement plan. What is her maximum allowable contribution to a traditional IRA for 2022?

$0

$6,000

$7,000

$20,500