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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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Accounting is an information and measurement system that: I.Communicates business activitiesII.Identifies business activitiesIII
andriy [413]

Answer:

I.Communicates business activities

II.Identifies business activities

III.Records business activities

IV.Helps people make better decisions

Explanation:

Accounting is an information measurement system that identifies business activities, records the business transactions as they occur, in order in which they occur, communicate the result of operations to interested parties  which helps all the stakeholders make informed decision.

The main goal of accounting information is to communicate the true and fair view position of the entity to people that may want to make informed judgment on the entity.

7 0
3 years ago
A. Suppose there is a surge in consumer confidence, creating an increase in aggregate demand in the economy. The Federal Reserve
Mrac [35]

Answer:

See below.

Explanation:

For a, first we calculate the credit multiplier of the economy,

Credit multiplier = 1 / reserve ratio

Credit multiplier = 1 / 0.25 = 4

This means that any change in money supply will be 4 times as much in the economy, hence to induce a change of $120 billion, the Fed will decrease the money supply by 120/4 = $30 billion. This will increase the interest rates just enough to stabilize aggregate demand.

For b, we again start by calculating the credit multiplier.

Credit multiplier = 1/0.10 = 10

Since the Fed want to stimulate investment, it needs to use an expansionary monetary policy.

The Fed thus increases the money supply by 150/10 = $15 billion.

This will have the total effect of 150 billion on the whole thus achieving the Fed's objectives.

Hope that helps.

4 0
2 years ago
Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by
nika2105 [10]

Answer:

C.  install mannequin robots to display clothes

Explanation:

Among the offered answers, a truly avantgarde, modern approach is <u>to implement robot mannequins in the store.</u> With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.

6 0
2 years ago
PLEASE ANSWER IM FAILING!
uranmaximum [27]
It’s Levi because it’s clearly written that Levi is a beginner. Hope that works!
8 0
3 years ago
Read 2 more answers
Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is
Nataliya [291]

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17

<h3>What is Child Tax Credit?</h3>

Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.

The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).

To learn more about Child Tax Credit from the given link:

brainly.com/question/17395659

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8 0
1 year ago
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