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Sandra is 17 and works full time. She earned $18,500 and contributed $1,500 to her 401(k) in this tax year. She is not claimed as a dependent on her parents' return.
Which of the following explains why Sandra is not eligible for the retirement savings contribution credit?
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She is not eligible for the credit since she is under 18 years old. |
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Because her income is too high. |
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Because she is not a student. |
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