1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serg [7]
4 years ago
8

Lois, a single taxpayer, contributed $1,200 to her traditional IRA in 2019. If she received a $240 saver’s credit and was not an

active participant in an employer-sponsored retirement plan, how much of the contribution can she deduct?
Business
1 answer:
-Dominant- [34]4 years ago
6 0

Answer:

$960

Explanation:

Given the information from the question. We need to calculate the contribution can she deduct Since Lois paid $1200 to customary IRA and she received a $240 savers credit. Thus, she will get derivation commitment less savers credit .as a result to get contribution can she deduct is $1200-$240= $960. Therefore, the correct answer is $960.

You might be interested in
A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo
Vladimir79 [104]

Answer:

setup cost is $7.2

Explanation:

given data

annual demand = 100,000 units

production =  4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

to find out

setup cost

solution

We will apply here EPQ formula for find set up cost S that is express as

Q = \sqrt{\frac{2DS}{H} } \sqrt{\frac{p}{p-d} }         ............1

200 = \sqrt{\frac{2*400*250*S}{40} } \sqrt{\frac{4000}{4000-400} }

now we take squaring on both sides and we get here

40000 = 5000 × S × 1.11

solve it we get her

S = \frac{40000}{5000*1.11}

S = 7.2

so setup cost is $7.2

6 0
3 years ago
You own shares in Supernova Inc. that were purchased at a price of $23 per share. Quicksilver
pantera1 [17]

Answer:

A) 47.83%

Explanation:

The computation of the return is shown below:

= (Supernova price per share - owned purchase price per share) ÷ (owned purchase price per share) × 100

= ($34 per share - $23 per share) ÷ ($23 per share) × 100

= ($11 per share) ÷ ($23 per share) × 100

= 47.83%

Simply we take the difference per share and then divide it by the owned purchase price per share so that the accurate rate of return can be computed

5 0
3 years ago
No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation an
ikadub [295]

Answer:

A) True

Explanation:

The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.

Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.

5 0
3 years ago
Karl marx's primary disagreement with thomas malthus was his insistence that society was not overpopulated but that wealth neede
ELEN [110]
<span>This is, in fact, very true. Karl Marx believed that the wealth and financial gains available in the United States should have been better balanced throughout the population, however, Thomas Malthus believed the people who didn't have enough were a product of overpopulation.</span>
7 0
4 years ago
Sharman Athletic Gear Inc. (SAG) is considering a special order for 15,000 baseball caps with the logo of East Texas University
Vedmedyk [2.9K]

<u>Solution and Explanation:</u>

The data of SAG of special order is given below:

Cost per unit = $3.50 , Allocated fix cost = $1.50 , Number of units in order = 15000

<u>Calculated the total cost of the special order as follows: </u>

Incremental cost per unit = Cost per unit-Allocated fix cost  =$(3.50 minus 1.50)  =$2

Incremental cost per unit=cost per unit-allocated fix cost  =$(3.50 minus1.50) =$2

Total incremental cost 15000 unit = number of units in order x Incremental cost per unit  =15000 multiply $2  =$30000

Therefore, total cost of the special order is $30000

b) Offering price by ETU = $35000. Hence, the offer made by ETU would affect the short term of the special order.

Contribution cost = $(35000 minus 30000)  =$5000

6 0
3 years ago
Other questions:
  • Bonita Industries prepared a fixed budget of 75000 direct labor hours, with estimated overhead costs of $375000 for variable ove
    6·1 answer
  • What types of policy might Brazil implement to improve its growth prosr
    10·2 answers
  • Will give brainliest
    14·1 answer
  • Which of the following is an accurate description of banking in the United States?
    12·1 answer
  • ________ relies on the methodical identification, collection, analysis, and distribution of data to discover and solve marketing
    8·1 answer
  • A person may be willing to pay more than the fundamental value of a stock today if he or she believes that someone else will pay
    10·1 answer
  • In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i
    15·1 answer
  • What is the minimum number of integers that you must pick between 0 and 9 (inclusive), such that two of them add up to 9?
    11·1 answer
  • What is the primary instrument used to confirm correct bank when established in straight-and-level flight?
    7·1 answer
  • which approach is likely to be used for leverage purchases? multiple choice purchasing cards vendor-managed inventory using exec
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!