Examlex
Andrew and Eunice are married filing jointly with AGI of $48,000.They contributed $1,800 to a qualified retirement plan.How much is their retirement savings contributions credit?
Declaration
A formal or explicit statement or announcement.
Consideration
Generally, the value given in return for a promise or a performance. The consideration, which must be present to make the contract legally binding, must be something of legally sufficient value and must be bargained for.
Objective Theory
A principle that states the intention of parties in a contract is determined by their outward expressions and acts, rather than by their subjective intentions.
Subjective Fact
A statement or idea based on personal opinions, interpretations, points of view, or emotions rather than on objective evidence.
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