Realizing That Providing for a Comfortable Retirement Is Up to Them

question 37

Multiple Choice

Realizing that providing for a comfortable retirement is up to them, Jim and Julie commit to making regular contributions to their IRAs, beginning this year.Consequently, they each make a $2,000 contribution to their traditional IRA.If their AGI is $35,000 on their joint return, what is the amount of their credit for certain retirement plan contributions?

• A)$800.
• B)$600.
• C)$400.
• D)$200.
• E)None of the above.

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