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Tatiana [17]
1 year ago
7

A self-employed individual makes $200,000 per year. to which type of retirement plan can the maximum contribution be made?

Business
1 answer:
statuscvo [17]1 year ago
5 0

Option C. The type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

<h3>What is the retirement plan?</h3>

This is the term that is sued to refer to the plan that is done in such a way that it has to help a person to take care of their post retirement. This is done through the saving of money in such a way that it would help to take care of the periods that they have become old and no longer working.

Hence the SEP IRA is also called the simplified  employee pension plan. Therefore  the type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

Read more on retirement plan here: brainly.com/question/3090325

#SPJ1

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As observed by robert e. kelley, _____ is an essential quality of effective followers.
nordsb [41]

As observed by robert e. kelley, Substitutes for leadershipis an essential quality of effective followers.

<h3>What is leadershipis ?</h3>

The ability of a person, group, or organization to "lead," influence, or direct other people, groups, or entire organizations is referred to as leadership, both as a field of study and as a practical talent. The term "leadership" is frequently seen as a contentious one. The subject is debated in specialized literature from numerous points of view, occasionally contrasting Eastern and Western leadership styles as well as (within the West) North American versus European styles.

Leadership is described as "a process of social influence where a person can enlist the aid and support of others in the fulfillment of a common and ethical task" in U.S. academic institutions.

To learn more about leadershipis  from the given link:

brainly.com/question/26909351

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8 0
1 year ago
Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $13,000 av
podryga [215]

Answer:

$34,116

Explanation:

To determine how much Pete would should save, we have to determine the present value of $13,000

Present value is the sum of discounted cash flows

present value can be calculated with a financial calculator

Cash flow each year from year 1 to 3 = $13,000

I = 7%

Present value = $34,116

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
it will gain you more knowledge, Intensify your soft skills, grow your strong work ethics and grow your network and grow your ne
frutty [35]
I am not Good at Business and all, but I think it's Experience that will satisfy.
3 0
3 years ago
Read 2 more answers
Which best describes the purpose of using cost-benefit analysis?
IrinaVladis [17]

Answer:

Make decisions that maximize benefits

Explanation:

The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.

5 0
3 years ago
Read 2 more answers
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for J
mario62 [17]

Explanation:

The journal entries are as follows

a. Cash $540

         To Account payable $540

(Being the error is recorded)

It is computed below:

= Corrected amount - incorrect amount

= $710 - $170

= $540

b. Bank service charges $20

          To Cash $20

(Being the bank services charges are paid in cash is recorded)

All other information is ignored

5 0
3 years ago
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