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Which of the Following Statements About the Saver's Credit Is

question 34

Multiple Choice

Which of the following statements about the Saver's Credit is (are) true?
I.The Saver's Credit is $5,000 regardless of an individual's contribution to a Roth IRA,401(k) plan,SIMPLE IRA,or 403(b) plan.
II.The Saver's Credit was implemented to encourage low- to moderate-income earners to save for retirement.


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