- A Keogh pension plan is offered to sole owners, partnerships, and LLCs, and is a flexible retirement plan.
- For 2015, Keogh's plan makes $53,000 in maximum contribution.
- Zack is the only owner in this question. So it has a Keogh plan eligibility and a maximum contribution of $53,000.
Note:
This issue was based on the year 2015 when year changes also change.
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Answer:
2014 36,000
205: 24,000
Explanation:
500,000 x 12% = 60,000 construction realted per year
Capitalize:
timeline:
<--/--/--/--/--/--/--/--/--/--/--/--/-->
each month the company is doing an spending related to the construction. We must capitalize based on the amount investment.
The first month capitalize throught the whole year,
the second month 11 months
the third for 10 months and so on.
Therefore, the capitalize amount will be half of the cost of the year
2014: interest capitalized through the cost of construction
600,000/2 x 12% = 36,000
400,000/2 x 12% = 24,000
That's the maximum amount we can capitalize for construction.
A dynamic forecast of the incremental revenue from a tax rate increase Presumes that taxpayers modify their behavior and the tax rate and tax base are correlated.
Explanation:
The dynamic forecasting uses the magnitude of the dependent variable for the measurement of the next expected value. From the other side, for each following prediction, static forecast uses the real value.
A dynamic forecast for such an increase in tax receipts presumes that:
A) taxpayers will not change their attitudes as a result of the increase in tax rates.
B) The tax base increases by as much as the increase in rates.
C) The base tax falls to the same degree as the increase rate.
D) The tax rate is associated with the tax base.
Answer:
initiation of communication by the sender
Explanation: