Debbie Files as Head of Household and Has AGI of $36,500.During

question 91

Multiple Choice

Debbie files as head of household and has AGI of $36,500.During the year,she contributed $1,000 to a 401(k) .What amount of retirement savings contributions credit can Debbie take?

• A)$0.
• B)$100.
• C)$200.
• D)$1,000.

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Definitions:

Penniless

Refers to having no money; being very poor.

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A legally binding agreement between two or more parties that outlines obligations and rights of the parties involved.

Patent

A legal right granted by the government to an inventor, giving them exclusive rights to make, use, or sell their invention for a certain number of years.