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
Nutka1998 [239]
2 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]2 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

You might be interested in
A negative relationship between the quantity demanded and price is called the law of ________.
vlabodo [156]
Demand

I hope it helped you!
7 0
2 years ago
Suppose the United States maintains a price floor for spinach. This policy might decrease revenues for spinach farmers if the: m
soldi70 [24.7K]

Answer:

Demand for spinach is elastic.

Explanation:

The price floor, which is maintained by the United States, is the minimum price for selling the goods. This price is set above the equilibrium price, which results in excess supply while demand for the same goods remains constant.

Since the prices for spinach cannot be set lower than the price floor and the policy is decreasing the revenue output for spinach farmers then this probably means that the prices are set too high which has decreased the demand for spinach. This means that the demand for spinach is elastic.

4 0
3 years ago
sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used
andre [41]

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) *  ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

5 0
3 years ago
Market is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for
Elza [17]

A market supply is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.

A market demand plan is a table that shows the relationship between price and demand for a particular commodity. To better understand this relationship, many economists plot a timeline of market demand on a graph called a market demand curve.

The demand plan shows that when the price increases, the quantity demanded decreases and vice versa. These points are plotted and the line connecting them is the demand curve. The product downward slope of the demand curve again indicates the law of demand, the inverse relationship between price and quantity demanded.

Learn more about the product at

brainly.com/question/25922327

#SPJ4

3 0
1 year ago
Nour is usually the person who takes charge of the situation and gets people moving toward the group's objective. Nour probably
jonny [76]

Answer:

Power.

Explanation:

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Also, they provide guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.

Some types of power expressed by leaders are referent power, coercive, etc.

In this scenario, Nour is usually takes charge of the situation and gets people moving toward the group's objective. Thus, Nour probably has a high need for power because he's more often than not in charge and control while getting his team members to achieve the set objective.

5 0
2 years ago
Other questions:
  • Your customer purchases FYZ 4% convertible preferred stock at $60 per share. The conversion price is $10. With the common stock
    5·1 answer
  • Since he started at american eyeful pictures, inc., david has worked in japan, china, and thailand. the company has probably set
    9·1 answer
  • PLEASE HELP. Choose from one of the five (5) workplace skills listed below. Then explain why an employer might be more willing t
    6·1 answer
  • Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to
    10·2 answers
  • As a finance major student of the UWI OC, you have just landed a lucrative job as a Financial
    14·1 answer
  • A copy machine is available 24 hours a day. On a typical day, the machine produces 169 jobs. Each job takes about 5 minutes on t
    13·1 answer
  • On June 30, year 8, Adonis Co. had outstanding 4%, $4,000,000 face value bonds, originally issued at 98, maturing on June 30, ye
    5·1 answer
  • Dynamic Apps is an organization specializing in highly specialized technology software, but it found that its original business
    13·1 answer
  • Greg is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes,
    13·1 answer
  • Investor information about the financial condition of a municipal issuer is most likely found in A) The Bond Buyer. B) the legal
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!