Exercise 12-19 (LO. 4) Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their...
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Exercise 12-19 (LO. 4) Rafael and Lucy Gonzalez, married taxpayers, each contribute $2,900 to their respective 401(k) plans offered through their employers. The AGI reported on the couple's joint return is $39,000. Click here to access the "Saver's" Credit Rate and AGI Thresholds Table. As a result, they may claim a credit for their retirement plan contributions of $ ?
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