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Realizing that providing for a comfortable retirement is up to them, Ted and Lillie commit...

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Accounting

Realizing that providing for a comfortable retirement is up to them, Ted and Lillie commit to make regular contributions to their IRAs, beginning this year. Consequently, they each make a $2,000 contribution to their traditional IRA. If their AGI is $35,000 on their joint return, what is the amount of their credit for certain retirement plan contributions?

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