Rin, who is single, contributed $1,500 to her Roth IRA for 2022. She had MAGI of $17,000 for 2022 and used the single filing status. She has never taken a distribution from a retirement plan. What is her retirement savings credit for 2022?

 

2. Lu spent $3,200 on daycare services for her two children (ages 3, and 5) to allow her to go to work. If her adjusted gross income is $34,000, how much is her dependent care credit in 2022?

 

3. Patrick, age 35, is single and has Box 1 wages of $165,000 in 2022.  He had $30,000 withheld for federal income tax from his paychecks in 2022.  He has 3 children, ages 3, 4, and 5, and they all qualify as Patrick's dependent children. Assume he uses the standard deduction, and head of household filing status for his situation. What is his tax from the table?  (Line 16 on the 2022 1040 form)

 

4. Lerry, age 45, is an active participant in his employer's defined benefit retirement plan, but he would also like to make a deductible contribution to a traditional IRA this year. Leon is married, files a joint return with his wife, and has an AGI of $120,000 in 2022. What is the traditional IRA contribution reduction amount for Lerry?

 

Bob a taxpayer claiming head of household filing status, received $20,000 of Social Security retirement benefits. He also received $8,000 of interest income and $60,000 of income from his retirement plan during the year. How much of Bob's Social Security retirement benefits must be included in his gross income? (Enter as dollar amount.)