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What is the amount of Adam Saver Credit associated

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Reference no: EM132703093

Problem - Adam Grisly, a single taxpayer, retired from a long career in coal mining in 2017 when he was only 58 years of age. In 2018, his only source of income is wages of $17,500 from a part-time job. Adam knows he needs to save additional funds for retirement and opens an IRA in 2018 and contributes $2,100. Adam is also looking for additional work and completed some training courses for which he received a $200 lifetime learning credit. Adam's tax liability before any credits is $550. What is the amount of Adam's Saver's Credit associated with his IRA contribution?

Reference no: EM132703093

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