Question
Rafael and Lucy Gonzalez, married taxpayers, each contribute $4,200 to their respective 401(k) plans offered through their employers. The AGI reported on the couple's joint
Rafael and Lucy Gonzalez, married taxpayers, each contribute $4,200 to their respective 401(k) plans offered through their employers. The AGI reported on the couple's joint return is $53,300. Determine their credit for retirement plan contributions (the Savers Credit).
Click here to access the "Saver's" Credit Rate and AGI Thresholds Table.
As a result, they may claim a credit for their retirement plan contributions of $
answer is not 840
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Corporate Financial Reporting And Analysis
Authors: David Young, Jacob Cohen
3rd Edition
1118470559, 9781118470558
