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Novosadov [1.4K]
2 years ago
5

Minnie and micky pluck are married, filing jointly in 2009. minnie earns $60,000 a year and takes full advantage of her employer

’s qualified retirement plan. Micky is not employed?
Business
1 answer:
Anna35 [415]2 years ago
8 0

Micky can receive a total deduction of an IRA contribution.

Individual Retirement Accounts (IRA) offer tax advantages for retirement financial savings. You may contribute up to the most amount allowed by the internal revenue carrier each year. There are several forms of IRAs available: conventional IRA. Contributions commonly are tax-deductible.

An individual Retirement Account (IRA) is a tax-advantaged funding account designed that will help you keep toward retirement. IRAs are one of the simplest ways to keep and make investments for destiny. It allows your cash to grow on a tax-deferred or tax-free foundation, depending on the kind of account.

Few mutual funds have minimums of $1,000 or more, so you need to account for that as you choose your investments. The IRS doesn't require a minimum quantity to open an IRA. However, a few providers require account minimums, so if you've only been given a small amount to invest, discover a provider with a low or $0 minimum.

Learn more about Individual Retirement Accounts here brainly.com/question/1637877

#SPJ1

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VLD [36.1K]
It is used to record sounds that you can hear.
3 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:
lukranit [14]

Answer:

0.88 years

1 year

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

For project A:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $25,000 =$-3000

The amount invested is recovered In 22,000 / $25,000 = 0.88 years

For project B:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $22,000 = 0

The amount invested is recovered in a year

I hope my answer helps you

8 0
3 years ago
A calendar-year corporation has positive current E&P of $1,500 and a deficit in accumulated E&P of ($2,000). The corpora
Studentka2010 [4]

Answer:

B. The distribution will be a dividend if current earnings and profits are positive and exceed the distribution.

6 0
3 years ago
The following is not an example of risk aversion a. ​Individuals tend to gamble more with their money when the future is uncerta
vodomira [7]

Answer:

The correct answer is letter "A": ​Individuals tend to gamble more with their money when the future is uncertain.

Explanation:

Risk aversion in Finance describes an investor who is just willing to accept a small level of risk on his investments. A risk-averse investor likes less risk and is prepared to accept fewer returns because of his choice. In a few words, risk aversion represents the likelihood investors prefer to secure their investments instead of risking more expecting higher returns.

Thus, <em>individuals gambling more when the future is uncertain reflects an opposite scenario to risk aversion.</em>

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Which of the following is NOT a core component of the Federal Reserve Bank? EVERFI
DaniilM [7]
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