Aiko (Single, Age 29)earned $40,900 in 2020

question 32

Essay

Aiko (single, age 29)earned $40,900 in 2020. He was able to contribute $2,340 ($195/month)to his employer-sponsored 401(k). What is the total saver's credit that Aiko can claim for 2020?

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Definitions:

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