Debates between the state government and the federal government about which level of
Answer:
$200
Explanation:
Data provided in the question:
Sally is single and age = 60
Amount contributed by Sally to her IRA = $2,000
AGI on her return = $26,000
Now,
For single and aged 60:
The maximum eligible contribution per taxpayer will be $2,000
The credit rate = 10%.
Therefore,
The maximum credit that Sally will get
= 10% of Amount contributed by Sally to her IRA
= 10% of $2000
= 0.10 × $2,000
= $200
Answer:
Check Clearing
Explanation:
The process by which bank records which account gives up money is called check clearing. Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.
