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umka21 [38]
3 years ago
13

Sally is single, age sixty, and works as sales clerk in 2018. She has no other income. Sally contributed $2,000 to her IRA. Afte

r the adjustment for her IRA deduction, the AGI on her return is $26,000. What is the maximum retirement savings contribution credit she can claim?a) 0b) $200c) $400d)$1000
Business
1 answer:
Vinvika [58]3 years ago
8 0

Answer:

$200

Explanation:

Data provided in the question:

Sally is single and age = 60

Amount contributed by Sally to her IRA = $2,000

AGI on her return = $26,000

Now,

For single and aged 60:

The maximum eligible contribution per taxpayer will be $2,000

The credit rate = 10%.

Therefore,

The maximum credit that Sally will get

= 10% of Amount contributed by Sally to her IRA

= 10% of $2000

= 0.10 × $2,000

= $200

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The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is: a. L
djyliett [7]

Answer: low (near 0%)

Explanation:

The expected monetary value(EMV) simply refers to the amount of money that an economic agent can expect to make based on a particular decision that's made.

It should be noted that the likelihood that a decision maker will be able to receive a payoff that is exactly as thesame as the EMV when a decision is being made will be near to zero as it's very low that it'll happen.

4 0
2 years ago
Use the following information for calendar year 2020: Accounts receivable, January 1 $125,000 Credit sales during the year 1,400
Aloiza [94]

Answer:

See below

Explanation:

Given the information above, first we need to compute ending balance of account receivables.

Ending balance of account receivables = Beginning balance + Credit sales - Customer's account collected - Write off amount

= $125,000 + $1,400,000 - $1,350,000 - $0

= $175,000

The year end balance in the allowance for uncollectible account would be

= $175,000 × 10%

= $17,500

Now, the bad debt expense

= Year end balance of allowance for uncollectible account - Beginning balance of allowance for doubtful accounts + Written off

= $17,500 - $15,000 + $0

= $2,500

6 0
2 years ago
By what date must taxes be filed in the united states?
sdas [7]

Answer:

april 15

Explanation:

its a direct question the isnt an explanation

3 0
2 years ago
YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in subsidized loans and another $19,000 in unsubs
Georgia [21]

Answer:

Hello your question has some missing part below is the missing part

Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard repayment? Does that payment amount seem reasonable? Why or why not?

answer :

14.43% of his paycheck

The payment amount is reasonable ( $ $32035 )

Explanation:

Subsidized loans = $7000

unsubsidized loans = $19000

Annual earnings = $27,000

Monthly pay = $1850

<u>solution </u>

If Yashari chooses the standard repayment the percentage of her paycheck that will go for repayment will be 14.43% while the interest rate will be 4.3%

Therefore the total repayment will be $32035 which is a reasonable amount

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8 0
2 years ago
The nine-cell attractiveness-strength matrix provides clear, strong logic for Group of answer choices using both industry attrac
aliina [53]

Answer:

using both industry attractiveness and business strength measurements in allocating resources and investment capital to a corporation's different businesses.

Explanation:

A nine-cell matrix can be defined as a strategic framework that provides a systematic approach used multi-business corporations to set priority on their investments among the different business units. Thus, it offers strategic implications of an investment by evaluating business portfolios, which are mainly based on business strength and market attractiveness.

Furthermore, the nine-cell industry attractiveness competitive strength matrix is a strategic framework adopted by individuals or managers in order to assist them in deciding which businesses should have low, average, and high priorities in deploying corporate resources.

Hence, the nine-cell attractiveness-strength matrix provides clear, strong logic for using both industry (market) attractiveness and business strength measurements in allocating corporate resources and investment capital to the different businesses owned by a corporation.

8 0
2 years ago
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