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What is the amount of retirement savings contribution credit

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Problem 1: Joe is a single taxpayer with $30,000 of AGI. He contributed $5,500 to is ROTH IRA during the year. What is the amount of his retirement savings contribution credit?

Option 1: $200

Option 2: $550

Option 3: $350

Option 4: $0

Reference no: EM132724782

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