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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

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Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

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6 0
3 years ago
Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the d
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3 years ago
Which of the following statements is the most accurate? Sole proprietorships are well suited for people who want to own a busine
emmasim [6.3K]

Answer:

D. Sole proprietorships are taxed at the owner's personal tax rate

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Sole properietorship is easy to set up because the owner need not to register itself to state government, therefore, because of absence of governmental involvement, it is easy to set up or deconstruct sole proprietorship.

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Neil and Zack are working on a project that requires both research and presentation. Neil is better at research, so he gives the
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The question provides us with the following scenario: "Neil and Zack are working on a project that requires both research and presentation. Neil is better at research, so he gives the presentation to Zack. " A comparative advantage is when an agent is better at something or can produce something at a lower cost. Here, Neil can do research better, so the answer is: A.) Neil doing the research



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3 years ago
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Accounting, Landscaping, Cleaning

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