a. A married couple filing jointly with modified AGI of $37,500 and an IRA contribution of $1,800. b. A married couple filing jointly with modified AGI of $58,000 and an IRA contribution of $1,900. Credit
a. A married couple filing jointly with modified AGI of $37,500 and an IRA contribution of $1,800. b. A married couple filing jointly with modified AGI of $58,000 and an IRA contribution of $1,900. Credit
Chapter7: Tax Credits
Section: Chapter Questions
Problem 9P
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Transcribed Image Text:Determine the retirement savings contributions credit in each of the following independent cases. Use Table 9-2.
a. A married couple filing jointly with modified AGI of $37,500 and an IRA contribution of $1,800.
b. A married couple filing jointly with modified AGI of $58,000 and an IRA contribution of $1,900.
c. A head of household taxpayer with modified AGI of $33,000 and Roth IRA contribution of $1,990.
d. A single taxpayer with modified AGI of $12,000 and an IRA contribution of $2,800.
Retirement
Savings
Contributions
Credit
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