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borishaifa [10]
3 years ago
9

In the year 2020, a divorced woman under age 50 collects $50,000 of alimony and child support as her sole source of income. The

woman wishes to make a contribution to an Individual Retirement Account this year. Which statement is TRUE
Business
1 answer:
NikAS [45]3 years ago
8 0

The available options are:

A. No contribution can be made because the woman does not have earned income

B. A contribution of up to $6,000 is permitted, but the contribution is not tax deductible.

C. A tax deductible contribution of up to $7,000 is permitted

D. A tax deductible contribution of up to $9,000 is permitted

Answer:

No contribution can be made because the woman does not have earned income

Explanation:

Unlike in the previous years before 2019, concerning divorce agreements, alimony is now declared to be no longer deductible by the payor and at the same time is considered to be a tax-free income to the recipient. In essence, this indicates that alimony is no longer qualifies as earned income and therefore, cannot be utilized to fund an Individual Retirement Account.

Hence, in this case, since it is , year 2020, the correct answer is "No contribution can be made because the woman does not have earned income."

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A firm has an opportunity to invest $95,000 today that will yield $109,250 in one year. If interest rates are 4%, what is the ne
Goryan [66]

Answer:

The net present value (NPV) of this investment is C) $10,048

Explanation:

Net present value (NPV) is the value of the future cash flows over the entire life of an investment discounted to the present.

The firm  invests $95,000 today that will yield $109,250 in one year. The interest rates of the investment are 4%. The net present value (NPV) of this investment:

NPV = $109,250/(1+4%) - $95,000 = $10,048

​

3 0
3 years ago
Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project m
gizmo_the_mogwai [7]

Answer: The common constraints faced by project managers are project scope, cost and time.

Explanations:

The three main constraints faced by project managers are the project scope, cost and time. These constraints affect the quality of a project. In high quality projects, the product is delivered within its scope at the required budget and on time.

The constraints are usually connected to one another. For example, an increase in the project scope will require an increase in cost and time. Also, accelerating the project timeline may lead to a reduction in the project costs but also lower the scope.

A trade off in project occurs when one constraint is reduced so as to increase another constraint. For trade-offs to be successful, project managers should take time to scrutinize the organization's objectives and the expectations of the project by using a structure that allows the project manager look at other options for the constraints and find the greatest balance among the constraints and organizational goals.

6 0
3 years ago
In profit centers a. ​Managers' decisions can affect other divisions b. ​Managers typically do not have the information to run t
qaws [65]

Answer:

c

Explanation:

i think that it is hard to see how a manager works

8 0
3 years ago
During tight money periods, generally Multiple Choice short-term rates are equal to long-term rates. short-term rates are higher
zubka84 [21]

The thing which usually happens during tight money periods, generally is:

  • short-term rates are higher than long-term rates.

<h3>What is a Tight Money Period?</h3>

This refers to an economic policy in which there is the need for control of inflation in the economy by the financial institution in a country.

With this in mind, we can see that when this happens in the tight money periods, there is usually short term rates which are higher than long term rates because there is a need to control the economy which is rising too quickly.

Read more about inflation here:
brainly.com/question/1082634

7 0
2 years ago
The marketing manager believes that increasing advertising costs by $74,000 in 2020 will increase the company’s sales volume to
serious [3.7K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The marketing manager believes that increasing advertising costs by $74,000 in 2020 will increase the company’s sales volume to 12,700 units.

<u>We weren't provided with enough information to solve the requirement. But, I will provide the general structure:</u>

<u></u>

Sales= (number of units*selling price per unit)=

Total variable cost= (total variable cost per unit*number of units)=

Contribution margin=

Fixed costs= (fixed costs + incremental fixed costs)=

Net operating income

<u>If we want to determine the effect on income without an income statement:</u>

Effect of income= incremental units*contribution margin - incremental fixed costs

Contribution margin= selling price - unitary variable cost

4 0
3 years ago
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