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
irinina [24]
3 years ago
6

Andrew and Eunice are married filing jointly with AGI of $48,000. They contributed $1,800 to a qualified retirement plan. How mu

ch is their retirement savings contributions credit?
Business
1 answer:
joja [24]3 years ago
5 0

Answer:

retirement savings contributions credit = $180

Explanation:

given data

AGI =  $48,000

contributed amount = $1,800

solution

we know Married taxpayer will file separate returns and they still qualify for the credit

so here retirement savings contributions credit will be 10 % of contributed amount so it will be

retirement savings contributions credit = 10% of $1,800

retirement savings contributions credit = 0.10 × $1,800

retirement savings contributions credit = $180

You might be interested in
The cincinnati history museum displays materials and related aspects of the history of cincinnati and the surrounding region. th
Darina [25.2K]
Cincinnati museum center is a center home for Cincinnati history museum and the museum of natural history and science. its located in Cincinnati, Ohio united states. The museum was opened in 1990 at the Cincinnati museum center at the union terminal.  However,the lack of financial objective makes it difficult for the Cincinnati museum center to prioritize its objectives and  evaluate its performance.
3 0
3 years ago
How did madrids tax reforms also aggravate discontent?
ziro4ka [17]
Are there any choices or no??
6 0
3 years ago
Jennifer Orgolini, the chief financial officer at New Belgium Brewery, explains that the benefits and rewards associated with th
Natali [406]

Answer: emotional intelligence

Explanation: The capacity of an individual to control, express and be aware of the emotions of others and himself is called the emotional intelligence.

    In the given case, Jennifer Orgolini is encouraging to the employees to participate in the philanthropy program. Such programs are focused on social welfare and will make the participants more emotionally aware. Thus such motivating depicts the company wants employees that have high emotional quotient.

     

7 0
3 years ago
A binding minimum wage will increase the income of Question 7 options: A. all workers. B. potential workers seeking employment.
katovenus [111]

Answer:

D. only those workers in jobs that would normally pay more than minimum wage.

Explanation:

A minimum wage is a price floor implemented by the government, which ensures that an employer must pay a minimum rate of pay to an employee, and anything lower than this rate of pay is illegal. “A minimum wage is binding if it is set above the equilibrium wage.

5 0
3 years ago
Read 2 more answers
Stephen Thublin invests $1,000,000 in a 45-day certificate of deposit with 6.55% interest. What is the total interest income fro
givi [52]

Answer:

$8187

The CD has a rate of 6.55%. This rate is always annual. then, the interest paid for a year is $65.500. (360 days)

As the CD has a term of 45 days only the final interest paid is $8187

6 0
3 years ago
Other questions:
  • We run a delivery service, and we believe our firm has market risk equally between that of UPS and FedEx. We know the following
    11·1 answer
  • The laffer curve illustrates that, in some circumstances, the government can reduce a tax on a good and increase the
    9·1 answer
  • A and B are married and own property as tenants by the entirety. The property is worth $500,000. A incurs a debt of $100,000 and
    11·1 answer
  • Araceli is a team member in a large corporation. She never speaks in team meetings because she has seen members talk behind each
    7·1 answer
  • Kevin is the human resource manager for a large company. he actually has a favorable attitude toward the handicapped in general.
    5·1 answer
  • Your best friend is experiencing a lot of anxiety about addressing the student body during their campaign speech. Based on what
    12·1 answer
  • You can distinguish the various types of bonds by their terms of contract, pledge of collateral, and so on. Identify the type of
    14·1 answer
  • Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $80 million to $160 millio
    11·1 answer
  • Tip Top Corp. produces a product that requires 14 standard gallons per unit. The standard price is $6.00 per gallon. If 3,500 un
    14·1 answer
  • On May 12, 2022, Hudson Merchandise sold merchandise on account to Guzman Housewares for $6,897, terms 3/10, n/30. If Guzman ret
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!