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22 October, 07:44

Jennifer's income is too high to qualify for the credit on Form 8880, Credit for Qualified Retirement Savings Contributions. A. TrueB. False

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Answers (1)
  1. 22 October, 08:00
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    given statement is true

    Explanation:

    solution

    the given statement is true because

    by encouraging, people of the lower income is contributing to their retirement savings account.

    and IRS offers a tax credit for contributions to them for claim the retirement savings credit

    so Jennifer must use IRS form 8880

    and credit percentage decreases as the as AGI increases

    so we can say given statement is true
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Home » Business » Jennifer's income is too high to qualify for the credit on Form 8880, Credit for Qualified Retirement Savings Contributions. A. TrueB. False
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