Kerry Is Single and Has AGI of $25,000 in 2015

question 111

Multiple Choice

Kerry is single and has AGI of $25,000 in 2015.During the year he contributes $5,000 to his Roth IRA.What is the amount of qualified retirement savings contributions credit to which he is entitled?

• A)$200
• B)$400
• C)$800
• D)$1,000

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Definitions:

Spermicide

A contraceptive substance that destroys sperm, used alone or with other methods of contraception to prevent pregnancy.

Fertility Awareness-Based Methods

A form of birth control that involves tracking the body's natural fertility signals, such as basal body temperature and cervical mucus, to prevent or plan pregnancy.

Calendar (Rhythm) Method

A form of natural contraception that involves tracking the menstrual cycle to determine fertile and infertile days.

Menstrual Cycles

The monthly cycle of changes in the ovaries and the lining of the uterus (endometrium), starting with the preparation of an egg for fertilization.