Question: Exercise 12-19 (Algorithmic) (LO. 4) Rafael and Lucy Gonzalez, married taxpayers, each contribute $3,100 to their respective $ 401(k) plans offered through their employers. The

 Exercise 12-19 (Algorithmic) (LO. 4) Rafael and Lucy Gonzalez, married taxpayers,

Exercise 12-19 (Algorithmic) (LO. 4) Rafael and Lucy Gonzalez, married taxpayers, each contribute $3,100 to their respective $ 401(k) plans offered through their employers. The AGI reported on the couple's joint return is $54,850. Click here to access the "Saver's Credit Rate and AGI Thresholds Table As a result, they may clalm a credit for their retirement plan contributions of

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