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
laila [671]
3 years ago
9

During year 2018, Rebekah, a 20-year-old full-time student, earned $3,400 during the year and was not eligible to participate in

an employer-sponsored retirement plan. The general limit for deductible contributions during 2018 is $5,500. How much of a tax-deductible contribution can she make to an IRA?
$0 (Full-time students are not allowed to participate in IRAs)
$3,400
$5,500
$8,900
Business
1 answer:
WINSTONCH [101]3 years ago
6 0

Answer:

The answer is: $3,400

Explanation:

Rebekah can contribute the full $3,400 she made during 2018 to her individual retirement account (IRA). Tax deductible contributions are limited to $5,500 or less per year, or in cases like Rebekah's, if the total amount of earned income is below $5,500 it can be fully contributed to her account.

You might be interested in
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and woul
REY [17]

Answer:

The correct answer is E.

Explanation:

Giving the following information:

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and would decrease the current variable costs of $60 by $15 per unit. The selling price of $100 is not expected to change.

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 544,500/ [(100-45)/100]

Break-even point (dollars)= $990,000

6 0
3 years ago
Read 2 more answers
The focus vision area has ...........degrees of information.
tekilochka [14]
5-10 degrees

The focus vision has the purpose of helping in the targeting task. It is also the one that helps to establish a visual lead. Besides these, one of the most important functions of this type of vision, focus vision, is to allow the reading of street signs or any other that might be important, as well as interpreting them.
4 0
3 years ago
A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr
sesenic [268]

Answer: Decrease in the short run aggregate supply. increase in long run aggregate supply

Explanation:

assuming the wage stays constant in the short run (price of labour), an increase inflation/general prices will lead to a decrease in the Supply of labour because the current wage is no longer enough to cover the same number of goods people used to buy which will then increase Unemployment. The Labor market will experience a situation where inflation and unemployment are increasing at the same time

The Supply of Labour will increase in the Long run because the wage price will have sufficient time to adjust and increase to a new equilibrium level. .an increase in wage price will increase the quantity of supplied.

8 0
3 years ago
Maria Martinez and her sister, Christina, are planning to operate a small day care center in a remodeled building. They've obtai
Maurinko [17]
The correct answer would be D. Limited Partnership
7 0
3 years ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

Explanation

It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.  

4 0
4 years ago
Read 2 more answers
Other questions:
  • The federal speedy trial act allows for the dismissal of charges when the prosecution does not seek indictment within ________ d
    12·1 answer
  • What are closing costs?
    7·2 answers
  • Many hydrothermal mineral deposits of copper, gold, silver, and other metals have been found in the countries bordering the paci
    11·1 answer
  • The following data pertains to activity and maintenance costs for two recent years:
    14·1 answer
  • Is this the first time you have taken from the company? Is this the first time you have created an overdraft?"" These are exampl
    9·1 answer
  • When producers receive a subsidy, sellers receive a:
    14·1 answer
  • The overall process of dealing with all aspects of acquiring, keeping, and growing customers is referred to as ________.
    5·1 answer
  • Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t
    14·1 answer
  • Carla McFarland was an associate professor of English literature at Highland College. She was the only single person in her depa
    12·1 answer
  • Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $1,500 b. Short-term capital l
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!