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Determine the retirement savings contributions credit in each of the following cases: A...

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Accounting

Determine the retirement savings contributions credit in each of the following cases:

  1. A married couple filing jointly with modified AGI of $37,500 and an IRA contribution of $1,600.

  2. A married couple filing jointly with modified AGI of $58,000 and an IRA contribution of $1,500.

  3. A head of household taxpayer with modified AGI of $33,000 and Roth IRA contribution of $2,000.

  4. A single taxpayer with modified AGI of $12,000 and an IRA contribution of $2,300.

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