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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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Hannah allowed her friend Carol to borrow her laptop computer for a week during Thanksgiving Break. During that time Carol, with
prohojiy [21]

Answer:

Yes, these facts  are valid against Hannah which comes under Ratification Doctrine.

Explanation:

Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.

During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.

Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.

Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.

So, based on the facts the contract was valid because it came under Ratification Doctrine.

6 0
4 years ago
In the rush to get ready for lecture, a physics professor leaves the hair dryer described in the previous problem running and do
jarptica [38.1K]
<span>Which factor or factors have been predominant in shaping U.S. health care? What have been their effects?</span>
3 0
4 years ago
The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed
Nataliya [291]

Answer:

Condominium Cleaning

The creditor is entitled to recover:

= $1,350.

Explanation:

a) Data and Calculations:

Contract price agreed between condominium cleaner and owner = $1,500

Cost of cleaning the oven that was not done by the cleaner = $150

Creditor's claim from the contract price = Contract price minus cost of cleaning the oven

= $1,350 ($1,500 - $150)

b) This means that the creditor will recover less than the contract price because of the oven that was left uncleaned.  Since the cost of hiring a substitute to clean the oven is $150, this amount will be deducted from the contract price, and then, the creditor can recover the balance.

5 0
3 years ago
You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you a
GarryVolchara [31]

Answer:

Letter c is correct. <u>Management Science.</u>

Explanation:

The correct alternative corresponds to the theory of management science.

This theory can be considered a contemporary management approach, whose central objective is to use several scientific methods to assist the company in reaching its objectives and goals.

That is, there is the use of a study of solutions of problems and techniques so that the use of resources and the decision-making process are potentialized for the production of a good or service.

This approach is often used in human organizations, as there are strong links in its implementation with the economy, management, management consulting, engineering, and others.

3 0
4 years ago
If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:
Nadya [2.5K]

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

8 0
3 years ago
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