In 2019, a 52-year-old participant in a 401(k) plan may contribute a maximum of: A)...
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In 2019, a 52-year-old participant in a 401(k) plan may contribute a maximum of:
A) $6,000.
B) $19,000.
C) $25,000.
D) $55,000.
14. Xavier is a self-employed plumber. His earnings from self-employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2019?
A) $16,000.
B) $20,000.
C) $54,000.
D) $64,000.
Rudy and Rebecca have AGI of $435,100. They have twin daughters, Ashley and Amy, ages 5. What amount of child tax credit can they claim?
A) $1,800
B) $2,200.
C) $2,245.
D) $4,000.
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