A Taxpayer Can Only Receive a Saver's Credit If She

question 59

True/False

A taxpayer can only receive a saver's credit if she contributes to a qualified retirement account.

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Definitions:

UCC

The Uniform Commercial Code, which is a comprehensive set of laws governing sales and commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.

Suretyship Provision

A contractual arrangement where a third party (surety) agrees to take responsibility for the debtor's obligations if the debtor fails to fulfill them.

Suretyship Provision

A contractual agreement in which a party assumes responsibility for the debt obligation of a borrower if that borrower defaults.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable.