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riadik2000 [5.3K]
3 years ago
13

Charles, a single 29-year-old CEO of a technology start-up company, earns a $2 million base salary with a $400,000 bonus. He is

not a participant in any retirement plans at work. What is the maximum deductible IRA contribution Charles can make during 2019?a. $0.b. $1,000.c. $4,000.d. $5,500.
Business
1 answer:
dusya [7]3 years ago
4 0

Answer:

d. $5,500

Explanation:

An Individual Retirement Account (IRA) which is controlled by the Internal Revenue Service (IRS) is an account that is used to save for retirement while enjoying tax advantages. IRA accounts are limited by the amount that can be contributed each year.

For 2018, 2017, 2016 and 2015, the annual total contributions for any IRA account is $5,500 for people below the age of 50 and $6,500 for people who are 50 years and above.

For 2019 and 2020, the annual total contributions for any IRA account is $6,000 for people below the age of 50 and $7,000 for people who are 50 years and above.

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Repost because it got lost in a sea of questions)
saveliy_v [14]

Answer:

YESSSSSS

Explanation:

3 0
3 years ago
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North america is about 80% urbanized. this mean that about 75% of north american
777dan777 [17]
<span>North america is about 80% urbanized. this mean that about 75% of north american people live in cities. also the population is very less compared to the land area. May be people would prefer to live in urban areas rather living in rural or forest areas. this condition is helpful in preserving forest and natural resources. the only problem is the quality of living in urban areas will be poor compared to rural areas.</span>
8 0
3 years ago
Jamal purchased a Subway franchise in a great location across the street from an outlet mall. After two years in business, Jamal
Alchen [17]

The correct answer to this open question is the following.

Although the question is incomplete because it does not attach the model to answer it we can comment on the following.

The problem is that Jamal, trying to increase profits, decided to sell two different products that are not part of the Subway products. When the franchisor visited Jamal's location, it realized the changes and set an ultimatum to Jamal to respect the franchise agreement.

The cause of the problem is that although Jamal wanted to diversify the products to have more income, this contradicts and is against the franchise agreement he signed when he bought the Subway franchise. The contract clearly states that the owner of the franchise can only sell products authorized in the contract by Subway. That is exactly one of the characteristics of a franchise. That you visit one of them any place in the world, and you are going to find de the same products with the same quality. That is the product guarantee of a franchise like Subway.

So the effects for the company are that its reputation an image can be questioned for selling different products that are hot approved by Subway. It is a major risk the company is not going to allow. Furthermore, it is stated in the contract. So Jamal has no right to break it.

One possible solution is that Jamal respects those 30 days to make the proper corrections, follow the guidelines established in the Subway's manuals, offer a sincere apology, and commit himself to operate the franchise just as it is stated on the agreement.

7 0
3 years ago
When an organization expands into a totally new line of business, it is implementing a strategy of:?
Pachacha [2.7K]
<span>Unrelated diversification</span>
8 0
3 years ago
You spent this much on your past three electric bills: $76, $58, and $88. How much should you budget for electricity this month?
Arlecino [84]

Answer:$74

Explanation: it's the average of the last three payments, plus somebody said it on Yahoo answers so it has to be right

4 0
3 years ago
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