1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_lady [41]
2 years ago
12

John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn fin

ancial responsibility (nice grandparents). How much can John contribute to an IRA (Traditional or Roth)
Business
1 answer:
Lerok [7]2 years ago
5 0

"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500  to an IRA. This is further explained below.

<h3>What is IRA?</h3>

Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.

In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.

Read more about IRA

brainly.com/question/14936548

#SPJ1

You might be interested in
________ is the process of planning, organizing, directing, and controlling an organization's financial, physical, human, and in
Pie

<u>Answer:</u> C. Management

<u>Explanation:</u>

In order to achieve the goals and objectives of the organization the management has to follow the process of planning, directing, and controlling an organization's financial, physical, human, and information resources. Planning is the way of organizing things to achieve desired goals. Guidance and motivation of the employees is essential for meeting goals

Monitoring and evaluating the tasks is necessary action by the management to control the activities of the firm and direct them in the right path.

6 0
3 years ago
In the late 1800s, a Frenchman observed that individuals who recovered from a disease were not susceptible to that same disease
hoa [83]

Answer:

The process of "exposing healthy subjects to related or weakened disease agents to protect them from the pathogenic agent is now known as vaccination." But using the syphilis organisms would spread a full-blown serious disease agent. "Mercury and Salvarsan were used to treat syphilis. Although both treatments killed the bacterium, Treponema pallidum, the causative agent of syphilis they also caused rashes, liver damage, loss of limbs and life. These side effects have been attributed to improper handling of the drug."

Reference: Gordon State College. “Microbiology and You.” Microbiology and You: An Introduction, 2019

8 0
3 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
3 years ago
At a QSR, customers are _____ to get their own drinks.
const2013 [10]

Answer:

im pretty sure it's encouraged

3 0
2 years ago
Read 2 more answers
Which one of the following budgeting methodologies would be most appropriate for a firm facing a significant level of uncertaint
cricket20 [7]

Answer:

D. Flexible budgeting is the correct answer.

Explanation:

Flexible budgeting is the budget plan that changes as per the company's requirement.

The advantages Flexible budgeting are:

  • It assists the management of the organization to decide about the business situation and production level.
  • It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
8 0
3 years ago
Other questions:
  • ​A boy migrated from Honduras through Guatemala and Mexico, thenentered the United States without immigration documents, because
    11·1 answer
  • Mention four things to consider before starting a business
    12·1 answer
  • Another name for a mutual fund that doesn't charge a sales load or a contingent deferred sales fee, but does charge an ongoing h
    10·1 answer
  • Stale Check Charles Ragusa &amp; Son ( Ragusa), a partnership consisting of Charles and Michael Ragusa, issued a check in the am
    13·1 answer
  • The fact that a family would spend a lot more time researching the market before buying a new car than it would in the decision
    10·1 answer
  • A production department's output for the most recent month consisted of 8,900 units completed and transferred to the next stage
    9·1 answer
  • Norman Dowd owns his own taxi, for which he bought a $11,400 permit to operate two years ago. Mr. Dowd earns $34,200 a year oper
    15·1 answer
  • kya clark borrowed 7500 ay 6%ordinary interest for 180 days after 40 days she made a partial payemnt of 2500 after another 70 da
    14·1 answer
  • The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p
    6·1 answer
  • If a final assembly company wants to expand into the manufacturing industry, it is pursuing a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!