Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective 401(k) plans in 2017.

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Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective § 401(k) plans in 2017. The AGI reported on their joint return is $38,000. Determine the amount of the couple’s “Saver’s Credit.”

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South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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Question Posted: May 31, 2018 06:27 AM

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Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective 401(k) plans in 2017.

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South-Western Federal Taxation 2018 Comprehensive

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