Deborah (Single, Age 29)earned $26,100 in 2020

question 78

Essay

Deborah (single, age 29)earned $26,100 in 2020. Deborah was able to contribute $1,764 ($147/month)to her employer-sponsored 401(k). What is the total saver's credit that Deborah can claim for 2020? (Use Exhibit 13-8)

---

Definitions:

Data

Quantitative or qualitative values that represent information or variables, often used for analysis or to make decisions.

Checkoff Provision

Contract provision under which the employer, on behalf of the union, automatically deducts union dues from employees' paychecks.

Union Member

An individual who belongs to an organized group representing workers in negotiations with employers over wages, benefits, and working conditions.

Hired

The process of being employed by an organization or individual after the successful completion of an application or interview process.