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Business, 28.05.2021 20:00 heinslice3

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. The maximum credit percentage rate for taxpayers filing a joint return applies for AGI between 0 and $39,000. If Jim and Julie's AGI is $35,000 on their joint return, what is the amount of their credit for certain retirement plan contributions

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