Andrew and Marina Are Married Filing Joint and Have Modified

question 135

Multiple Choice

Andrew and Marina are married filing joint and have modified AGI of $77,500.Andrew made a contribution to a qualified retirement plan of $2,000 during the year.How much is their retirement savings contributions credit?

• A)$1,250.
• B)$0.
• C)$1,000.
• D)$2,500.

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Definitions:

Code Of Ethics

A set of guidelines designed to set out acceptable behaviors and practices for individuals or organizations in specific professions or groups.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity.

Accepted Principles

Agreed-upon standards or rules that are generally recognized and upheld within a particular domain or field.

Conduct

The manner in which a person behaves, especially in a particular context or situation.