Kerry Is Single and Has AGI of $25,000 in 2013

question 80

Multiple Choice

Kerry is single and has AGI of $25,000 in 2013.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:

Incumbents

Current holders of a political office or position.

Open-seat Contests

Electoral races without an incumbent, typically characterized by more candidates and often more competitive than races with incumbents.

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Efforts and policies aimed at improving the fairness, transparency, and accountability of political campaigning and financing.

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Unregulated, indirect contributions made to political parties for general support purposes, not directly tied to the endorsement of specific candidates, which became more restricted in U.S. politics by the Bipartisan Campaign Reform Act of 2002.