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Aiko (Single, Age 29) Earned $40,000 in 2016

Question 115

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Aiko (single, age 29) earned $40,000 in 2016. He was able to contribute $1,800 ($150/month) to his employer sponsored 401(k). What is the total saver's credit that Aiko can claim for 2016?

Correct Answer:

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$0
Explanation: Single taxpaye...

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