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Nutka1998 [239]
3 years ago
13

Anthony, a self-employed plumber, makes a maximum contribution to a SEP for his employee, Debra. Debra's compensation is $40,000

for the year. How much is he allowed to contribute to the plan for Debra?
Business
1 answer:
aksik [14]3 years ago
7 0

Answer:

$10,000

Explanation:

The maximum contribution you can made to SEP shall not exceed the lower of the following two limits for 2020:

1. 25% of total compensation paid to employee.

2. $57,000

By applying the above rule to the given scenario in question, the maximum contribution allowed by the Anthony to be made to SEP for Debra shall not exceed:

25% of total compensation=25%*40,000=$10,000

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Answer:

What to include in an executive summary

your mission statement.company information and management team.growth highlights.products/services.financial information.The market and your customer.market opportunity.marketing and sales.

4 0
3 years ago
The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference bet
velikii [3]

Answer:

book value and market value.

Explanation:

Book value of an asset is the value of an asset as reported originally in the balance sheet or financial statement of an organization, which may be adjusted for subsequent changes as a result of depreciation or impairment.

Market value is the price or cost associated with an item trading in the open market, it entails the lowest price a seller is willing to sell and the highest price a potential buyer is willing to pay to buy goods over a period of time in the market.

The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference between its book value and market value.

7 0
4 years ago
What are the steps for writing a check?
abruzzese [7]

Answer:

Enter the date, write the check number, write the amount in numbers, and sign the front of the check. ( second choice)

4 0
4 years ago
Read 2 more answers
According to Karl Marx, capitalists really produced all wealth, and the laborers were the recipients of the wealth.
nikdorinn [45]

Answer: false

Explanation:

Capitalists are the business owner who own the means of production such as factories, tools, and raw material, and who are also entitled to any and all profits. The other, much larger class is composed of labor. Laborers do not own or have any claim or priviledge to the means of production, the finished products they work on, or any of the profits generated from sales of those products. They work only for wages making this kind of system according to Marx an uneven arrangement, capitalists exploit workers. Capitalist do not produce all the wealth and the laborers are exploited

3 0
3 years ago
Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. Whatis the maturity value of the CD?A) $109,2
marysya [2.9K]

Answer:

C) $142,576

Explanation:

The computation of the maturity value of the CD is shown below:

We use the future value formula that is shown in the spreadsheet.  

Given that,  

Present value = $100,000

Rate of interest = 12%  ÷ 4 quarters = 3%

NPER = 3 years × 4 quarters = 12 years

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= -FV(Rate;NPER;PMT;FV;type)

The future value is $142,576

5 0
4 years ago
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