Question: eBook Exercise 13-20 (Algorithmic) (LO. 4) Rafael and Lucy, married taxpayers, each contribute $3,500 to their respective 5 401(k) plans offered through their employers. The

eBook Exercise 13-20 (Algorithmic) (LO. 4) Rafael and Lucy, married taxpayers,

eBook Exercise 13-20 (Algorithmic) (LO. 4) Rafael and Lucy, married taxpayers, each contribute $3,500 to their respective 5 401(k) plans offered through their employers. The AGI reported on the couple's joint return is $62,000. Click here to access the "Saver's Credit Rate and AGI Thresholds Table. As a result, they may claim a credit for their retirement plan contributions of

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