The tax sheltered prgrma to encourage self employed people to acculumlate reitment funds is called Keogh plan.
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated organizations for retirement functions. A Keogh plan can be set up as both a defined-benefit plan or a defined-contribution plan, though maximum plans are set as the latter. A Keogh plan is a type of retirement investment account for self-employed people and business owners. Contributions to a Keogh plan are made pre-tax, while withdrawals in retirement face income tax. Positive sorts of Keogh plans may have higher contribution limits than other retirement debts.
A Keogh plan (is a tax-deferred pension account for self-employed people and employees of unincorporated businesses. Like IRAs, an worker can also put almost available investment into a Keogh plan, and the investment earnings develop on a tax-deferred basis.
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50,000 x 5 = $250,000 Preferred Dividends
(780,000 - 250,000) / 100,000 =
b.$5.30
Answer:
$44.18
Explanation:
The price can be easily calculated by the simple formula,
Price of stock = Dividend / (rate of return - growth of dividend)
Hence,
Price of stock = 1.90 / (0.085 - 0.042)
Price of stock = $44.18.
Hope you understand this simple equation
Thanks buddy.
Answer:
Explanation:
The debit and credit balance of trial balance is shown below:
Debit balance = Cash + Rent Expense + Dividends + Salaries Expense + Equipment + Accounts Receivable + Advertising Expense
= $12,850 + $2,400 + $1,500 + $4,300 + $12,935 + $5,700 + $1,370
= $41,055
And the credit balance = Service revenue + accounts payable + common stock
= $23,230 + $2,825 + $15,000
= $41,055
The preparation of the trial balance is given in the spreadsheet. Kindly find the attachment below:
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