Damian earned 12000 and contributed 1000 to his 401k plan


Carly and Damian are married and file a joint tax return for 2015. Carly earned $30,000 and contributed $2,000 to her Roth IRA. Damian earned $12,000 and contributed $1,000 to his 401(k) plan. How much of a retirement plan tax credit may they claim?

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Accounting Basics: Damian earned 12000 and contributed 1000 to his 401k plan
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