Which of the Following Taxpayers Is Most Likely to Qualify

question 153

Multiple Choice

Which of the following taxpayers is most likely to qualify for the saver's credit?

• A)A low-AGI taxpayer who does not contribute to any qualified retirement plan.
• B)A low-AGI taxpayer who contributes to her employer's 401(k)plan.
• C)A high-AGI self-employed taxpayer.
• D)A high-AGI employee who does not contribute to any qualified retirement plan.

---

Definitions:

Gibbons V. Ogden

A landmark decision by the U.S. Supreme Court in 1824 that held that the power to regulate interstate commerce was granted to Congress by the Commerce Clause of the Constitution.

Supreme Court Case

A legal proceeding brought before the United States Supreme Court, the highest federal court, which often results in a decision of significant legal precedent.

Seminole War

A series of conflicts in the early 19th century in Florida between the United States and the Seminole Indians, primarily over land and the U.S.'s attempts to recapture runaway slaves.

1818

The year 1818 marks various historical events, such as the admission of Illinois as the 21st state of the United States.