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marin [14]
3 years ago
10

Martha and Rob, a married couple, under 50 years of age, have adjusted gross income on their 2019 joint income tax return of $45

,000, before considering any IRA deduction. Martha and Rob have no earned income. What is the amount of Martha’s maximum deductible IRA contribution?
Business
1 answer:
olchik [2.2K]3 years ago
5 0

Answer: $0

Explanation:

In the United States tax law, there exists 2 principal types of IRAs. They include: the traditional IRA and the Roth IRA.

Annual contributions are deductible when made to a traditional IRA, and in which case tax is paid on the retirement distributions.

But annual contributions made to a Roth IRA aren't deductible, and in which case taxes are not paid on retirement distributions.

Martha’s maximum deductible IRA contribution is $0 because taxes are not paid in the current year on earnings in both types of IRAs.

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On May 1, 2016, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral m
netineya [11]

Answer:

Explanation:

1. Mineral mine - $9.3 million

Development costs - $2500 000

1/[(1+0.07)^4]=0.76290

Restoration costs = $472995 = [(530k * 0.4)+(630k * 0.3)+($730k * 0.3)] *0.76290

Cost of mine= $9.3 million+$2500 000+$472995 = $12272995

2. Depletion:

($12272995/730000tons)*113000tons=$1899792

Depreciation of machinery=($143400-$12000)/730000 * 113000tons = $20340

Depreciation of structures=($36500/730000tons)*113000tons=$5650

3. Accrecion expense recognized:

$472995*0.07*8/12=$22073

4 0
3 years ago
Which approach to research is based on observing people in their own homes or​ communities?
BlackZzzverrR [31]

Ethnography is an approach in research, where the subjects are observed in their homes and/or communities.

  • Ethnography is a mode of research that is largely used in the fields of Anthropology and Sociology.
  • It is a method, wherein, the subjects of the study are not enclosed within an artificial environment, or otherwise known as a laboratory.
  • They are studied by being observed in the environment they originate from or belong to.
  • This method is specifically useful, while studying various cultures.
  • It helps control the unwanted effects of being introduced in a new environment, which could alter the behavior of the subjects of the study.

Therefore, it is clear that Ethnography is the approach in research, where the subjects are observed in their homes and/or communities.

Learn more about Ethnography here:

brainly.com/question/25575567

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6 0
2 years ago
4. When the actual price of a good is above its equilibrium market price, competition
earnstyle [38]

Answer:

C.

Explanation:

Because naturally within a market the equilibrium price is trying to be reached, (besides price ceilings and floors imposed by the government), Sellers will naturally push the price downwards because they must compete with each other to make a living. Thus answer C. is correct.

4 0
3 years ago
Which of the following statements is true?a. The higher the maturity risk premium, the higher the probability that the yield cur
tia_tia [17]

Answer:

b. The most likely explanation for an inverted yield curve is that investors expect inflation to decrease

Explanation:

I have attached an image which plots the behavivour of a yield curve and inflation in a same period. As you can observe, there is an indirect relation between boths curves.

8 0
3 years ago
Many times when working with a new manager, Amy, a successful small-business owner, asks the manager, "What management method do
Mademuasel [1]

Answer:

False

Explanation:

Contingency approach, also known as situational approach, is a concept in management stating that there is no one universally applicable set of management principles to organizations. Organization's are individually different, face different situations, and require different ways of managing.

3 0
3 years ago
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