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jok3333 [9.3K]
3 years ago
7

During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de

fined contribution plan, states that he will contribute the maximum amount allowable.
Calculate Jerry's contribution.
Business
1 answer:
DerKrebs [107]3 years ago
3 0

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 =  46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

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In economics, the term "capital" refers to :
IrinaVladis [17]

Answer:

D. the money in one's pocket

Explanation:

this is so because the financual assets needed fpr a business to produce good and/or services requires money

7 0
3 years ago
Which of the following terms is a general description for a group of crimes?
s344n2d4d5 [400]

Which of the following terms is a general description for a group of crimes?  

A) Robbery

B) Larceny

C) Burglary

<u>D) Theft</u>

8 0
3 years ago
What is the net present value of a project with the following cash flows if the required rate of return is 9 percent?
inna [77]
<span>Year Cash Flow
0 -$46,400 
1 18,000 
2 33,530 
3 4,600</span>

<span>NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 = 

</span><span>-$1,574.41</span>

7 0
3 years ago
A product that sells today for $150 per unit is expected to escalate in price by 6% in year one, 8% in year two and 10% in year
saveliy_v [14]

Answer:

<u>     selling price at year 3:</u> $ 188.89

<u>at constant dollar year 3:</u> $  167.94

Explanation:

selling price x accumualte raises:

150 \times (1+0.06) \times (1+0.08) \times (1+0.10)

150 \times 1,25928‬

selling price: 188,892

now, to calculate the constante dollar we discount for inflation:

188.892 \div ((1+0.03) \times (1+0.04) \times (1+0.05))

188.892 \div 1,12476‬

constant dollar selling price: 167,9398271‬

4 0
3 years ago
Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other proj
VashaNatasha [74]

Parametric estimation is a  techniques that uses a statistical relationship to calculate cost or duration based on historical data and other project parameters

Parametric estimation is a quantitative method (statisitical relationship) used to estimate the project cost, resources, and duration based on historical data and other project parameters.

Parametric estimation models are used when:

  1. There is precedent
  2. The model is a unit hence can be scaled up
  3. The parameters required are easily quantifiable

While the other options of this question is incorrect because:

b. grass roots estimating

Cost estimation done by the individuals who will be performing the task being estimated.

c. empirical estimating

Estimation method in which the data is obtained using empirical formulas. It is usually based on an amalgamation of historical data, assumptions, guesses, and personal experience.  

d. analogous estimating

Also called top-down estimating, this is a technique that involves comparing previous projects, personal experiences and cursory cross-referencing observed costs to estimate time resources required. This technique is most useful in the absence of quantifiable data.

You can learn more about project estimation at

brainly.com/question/24322317

#SPJ4

3 0
1 year ago
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