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vivado [14]
3 years ago
8

Donna, age 42 and a single taxpayer, has a salary of $104,500 and interest income of $20,000. What is the maximum amount Donna c

an contribute to a Roth IRA
Business
1 answer:
andriy [413]3 years ago
3 0

Answer:

$5,800

Explanation:

Using 2020 limits:

Donna's AGI = $124,500 (interest income is taxed as ordinary income)

since Donna's is $500 higher than the income threshold for single taxpayers ($124,000), then her contribution to a Roth IRA is reduced by $200.

If Donna's AGI was less than $124,000, she could have contributed up to $6,000 (which is the maximum contribution allowed). Her contribution limit starts to reduce by $200 for every $500 or fraction in excess of the income threshold limit. The contribution limit phases out completely when the AGI is $139,000.

E.g. If Donna's AGI was $125,000, her contribution limit = $5,600

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lakkis [162]
This kind of mental structure is called a script.
The same term is used in the movie and theater industry - actors receive a script which will tell them exactly what they need to do. The same thing goes here - Jenna knows that the people working in the restaurant will behave as if they had a script to follow.
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4 years ago
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Select one: a. Cost of goods sold. b.
velikii [3]

Answer:

(B) Cost of goods purchased

Explanation:

While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).

This relationship can be seen when the trading account of both firms are compared.

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4 years ago
Calculate the value of a​ $1,000 bond which has 10 years until maturity and pays quarterly interest at an annual coupon rate of
STatiana [176]

Answer:

$656.82

Explanation:

The calculation of  required return is shown below:-

Face value (FV) = $1,000

Coupon rate = 12.00%

Number of compounding periods per year = 4

Interest per period (PMT) = $1,000 × 12.00 ÷ 4

= $30.00

Number of years to maturity = 10

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= 40

Required rate of return = 20.00%

Required rate of return per period (RATE) = 5.00%

Bonds value = -PV(RATE,NPER,PMT,FV)

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Therefore we applied this formula into excel.

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4 years ago
With a client-based network, one fundamental problem is that:
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Answer:

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Disadvantages

  • It requires skill for a server to be repaired. For example, if a problem occurs on the network, someone with a large number of it is required to be able to repair it in its entirety in order to let the information and the proper functioning continue its flow.
  • Another problem is security, the fact that information channels are shared between servers and clients require that they go through validation processes, that is, security protocols that can have some type of open door allowing physical damage, threats or attacks to be generated. of malware.
  • This model represents an important limitation in terms of economic costs because these servers are high-level computers with specific hardware and software to enable our applications to function properly. Something important to note is that it is not only expensive to solve problems as mentioned before, but also has a high cost to replace components that are damaged.
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