Kathleen and glenn decide that this is the year to begin getting serious about saving for their retirement by participating in their employers’ § 401(k) plans. as a result, they each have $3,000 of their salary set aside in their qualified plans. calculate the credit for certain retirement plan contributions available to kathleen and glenn if the agi on their joint return is $35,000. kathleen and glenn persuade their dependent 15-year-old son, joel, to put $500 of his part-time earnings into a roth ira during the year. what is the credit for certain retirement plan contributions available to joel

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?