Question: Michael and Avery are married and file a joint return. The couple has a modified adjusted gross income of $ 6 5 , 0 0

Michael and Avery are married and file a joint return. The couple has a modified adjusted gross income of $

65, 000 .

Michael contributed $

1, 000

to his traditional IRA for the tax year. Neither Michael nor Avery have ever taken a distribution from a retirement plan. Assuming there is no limitation based on their tax liability, what is the amount of their Saver's Credit?

1 .

0, 2 .

100, 3 .

200, 4 .

500

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