Deborah (single, age 29) earned $25,000 in 2019. Deborah was able to contribute $1,800 ($150/month) to her employer-sponsored 401(k). What is the total saver's credit that Deborah can claim for 2019? Use Exhibit 13-8.
What will be an ideal response?
$180.
$1,800 (contribution amount) × 10 percent (applicable percentage for single filers with AGI from $20,751 to $32,000).
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