Kerry Is Single and Has AGI of $25,000 in 2017

question 138

Multiple Choice

Kerry is single and has AGI of $25,000 in 2017.During the year he contributes $5,000 to his Roth IRA.What is the amount of qualified retirement savings contributions credit to which he is entitled?

• A)$200
• B)$400
• C)$800
• D)$1,000

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Definitions:

Social Bonds

Connections between individuals that provide a sense of belonging and support, playing a critical role in mental health and community cohesion.

Ancestors

Biological or cultural forebears of individuals or groups, often referenced in the context of genetics, evolution, or heritage.

Self-determination

The process by which a person controls their own life.

Competence

Competence is the ability to do something successfully or efficiently, often reflecting a person's skill, knowledge, and experience in a particular area.