Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective 401(k) plans in 2016.

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Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective § 401(k) plans in 2016. 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 2017 Comprehensive

ISBN: 9781305874169

40th Edition

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

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Question Posted: Feb 27, 2017 03:31 AM

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Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective 401(k) plans in 2016.

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South Western Federal Taxation 2017 Comprehensive

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