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andrew-mc [135]
3 years ago
9

a. Assuming Phil's wages were $27,000 and Linda's wages were $18,500 for 2019 and they had no other income, what is the maximum

amount of their deductible contributions to a traditional IRA for 2019
Business
1 answer:
grin007 [14]3 years ago
8 0

Answer:

Phil = $6,000

Linda = $6,000

Explanation:

In the year 2019, and in the year 2020, the maximum contribution allowed = $6,000, also in case the age = 50 or more than that the maximum contribution allowed = $7,000.

Thus, on a general note here it is assumed that both Linda and Phil are less than the age of 50.

Further, in case joint return is filed then there is different formula to calculate the deductible contribution amount.

Here it shall be $6,000 each for both of them.

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A growth producing region of cell division, known as a apical meristems, is found near the tips of stems and roots. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
8 0
3 years ago
Pacific Packaging's ROE last year was only 3%, but its management has developed a new operating plan that calls for a debt-to-ca
777dan777 [17]

Answer:

Explanation:

Total asset turnover = Sales/total assets

3.2= 14000000/Total assets

Total assets = 4375000

E/A = 1-D/A = 1-0.45 = 0.55

Equity = E/A*assets = 0.55*4375000=2406250

Net income = (EBIT-interest)*(1-tax rate)

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ROE = Net income/total equity

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6 0
2 years ago
Suppose autos cost consumers $30,000 and trucks cost consumers $15,000. What contribution does the production of 200 autos and 2
alexgriva [62]

Answer:

the  contribution made to the production of 200 autos and 200 trucks is $9,000,000

Explanation:

The computation of the contribution made to the production of 200 autos and 200 trucks is shown below

Contribution to GDP is

= $30,000 × 200 + $15,000 × 200

= $6,000,000 + $3,000,000

= $9,000,000

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6 0
3 years ago
Q: In about 200 words, write an essay analyzing the STEEPLE Module .
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The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.

<h3>What is the STEEPLE model?</h3>

This is an analysis model in which each letter represents a factor to be analyzed:

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<h3>What is an example of this model?</h3>

Let's analyze a war between two countries:

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  • Economic: The economy of the countries involved and other nearby countries can be negatively or positively affected.
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  • Political: Most wars are the result of political conflicts.
  • Legal: There are specific international rules that regulate wars.
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Learn more about analysis in: brainly.com/question/5040600

4 0
2 years ago
G MC Qu. 87 When is a goodwill impairment loss... When is a goodwill impairment loss recognized?
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Answer:

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