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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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When coffee is traded between countries it is called a
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Answer:

Unroasted, or green, coffee beans comprise one of the most traded agricultural commodities in the world; the commodity is traded in futures contracts on many exchanges, including the New York Board of Trade, New York Mercantile Exchange, New York Intercontinental Exchange, and the London International Financial Futures ..

Explanation:

~Jane~

3 0
3 years ago
Pick the TRUE statement: A. Investors (stockholders) and potential investors are mainly interested in a company's liquidity rati
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5 0
3 years ago
Using the percentage-of-sales method, the estimated total uncollectible accounts are $7,322. The Allowance for Uncollectible Acc
xenn [34]

Answer:

B. $9,957.

Explanation:

The computation is adjusted amount for Uncollectible account expense is shown below:

= The estimated total uncollectible accounts + debit balance of Allowance for uncollectible accounts

= $7,322 + $2,635

= $9,957

For computing the adjusted amount we added the estimated total uncollectible accounts and the debit balance of Allowance for uncollectible accounts

8 0
4 years ago
Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year
RUDIKE [14]

The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

Read more on what a discount is here:

brainly.com/question/9841818

#SPJ1

6 0
2 years ago
Why are banks willing to lend funds to people?
padilas [110]
<span>Because interest income is usually the largest component of a bank's income, specifically for a commercial bank. (Investment banks earn more from fees and trading.)</span>
4 0
4 years ago
Read 2 more answers
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