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kramer
3 years ago
14

William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2019 AGI is $68,000 (all

earned income). (Leave no answer blank. Enter zero if applicable.)If he does participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2019?
Business
1 answer:
lyudmila [28]3 years ago
3 0

Answer:

The maximum IRA contribution William can make is $6000 a year.

Explanation:

There are limits in the IRA contribution plans to make sure that there are no people benefiting more than others because of their high pay instead limits are per age. if younger than 50 years then Maximum contribution per year is $6000 and if older then it is $7000 it is increasing with age not salary.

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If a company uses LIFO, a LIFO liquidation causes a company's income taxes to increase:_______
olasank [31]

Answer: a. When inventory purchase costs are rising.

Explanation:

Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.

When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.

This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.

This means that they would have more profits as a result which will lead to more taxes being charged on them.

4 0
3 years ago
A firm has $2,000,000 in its common stock account and $20,000,000 in its paid-in capital account. The firm issued 500,000 shares
madam [21]

Answer: $4 per share

Explanation:

The par value of the common stock is given as:

= \frac{common stock account}{shares of common stock}

= \frac{2000000}{500000}

= $4 per share

Here;

Common stock denotes the shares entitling their holder to dividends that vary in amount .

5 0
3 years ago
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A lifelong learner is committed to ________.
natulia [17]

Answer:

c. Both theoretical and applied learning

Explanation:

Throughout life, students learn the theories at college and university so they are adept at applying them in the real world. For example, a college student learns mathematical theories to use them in everyday life. As an adult, a student chooses a college degree in which he or she will specialize. Then he will learn the theories to use them in his working life. For example, a student learns economic theories at university and applies them later in his job as an economist.

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3 years ago
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What are 6 roles in the front of the house(restaurant)? listed in order from highest rank to lowest and why they're important.
CaHeK987 [17]

Answer:

does it need an attachment to it in order to answer it ?

Explanation:

5 0
3 years ago
Question mode multiple choice question what is the type of business structure when two or more individuals agree to own and oper
babymother [125]

A partnership is a type of business structure where two or more individuals agree to own and operate a business together.

A partnership can be defined as a formal arrangement between two or more parties. This formal arrangement is created to manage and operate a business and share its profits. There are several arrangements that can be made between the partners in order to share the profits and losses of the firm.

The other division of partnership can be on the basis of participation in the work of the firm. There may be some partners that only provide their name to the business firm called silent partners. So they will not be involved in the day-to-day operation of the business. Whenever there is an admission or removal or retirement of a partner the partnership needs to be dissolved.

Learn more about the partnership here:

brainly.com/question/25012970

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5 0
2 years ago
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