1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
6

William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2020 AGI before the IRA

contribution deduction is $66,000 (all earned income). (Leave no answer blank. Enter zero if applicable.) a. If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution William can make in 2020?
Business
1 answer:
andrey2020 [161]3 years ago
4 0

Answer: $6,000

Explanation:

As per IRS deduction rules in 2020, the maximum deductible IRA contribution for a person who does not participate in an employer-sponsored plan is $6,000.

That is therefore the maximum deductible that William can make in this scenario.

You might be interested in
At the heart of any marketing program is the firm's ________, its tangible offering to the market A. value B. strategy C. produc
Lelechka [254]

Answer: (C) Product

Explanation:

  A marketing program is one of the type of business strategy in which the various types of activities are get performed for achieving the main objective of the business in an organization.

It is basically consist of the various types of plans, strategies and the activities in which the product of the company is promoted in the market.

The marketing programs plays an important in the business as it helps in establishing the good relationship with the customers where the products are offered in the market.

Therefore, the firm product is known as the heart of the marketing program that are tangible offer in the market.        

6 0
3 years ago
Which of the following statements is correct?
Alik [6]

Answer:

d

Explanation:

A stockholder is an investor that purchases shares in a company. A stockholder is regarded as the owner of the company.

According to accounting information :

Stockholders' equity = total assets - Total liabilities.

Stockholders' equity is the claim a shareholder has on a company's assets after total liabilities have been subtracted

The historical cost principle requires assets to be recorded at its historical cost regardless of changes in the value of the asset

8 0
3 years ago
The perimeter of a rectangle is 42cm and its area is 68cm2. Find its length and breadth.​
raketka [301]
<h2>Length = 4cm breadth = 17cm</h2>

Explanation:

Given P = 42 cm and Area = 68cm^2

<em>So we apply the above values to its formula to find length and breadth</em>

P = 2L + 2w = 42cm  

L + w = 21cm  (dividing the above statement by 2)

(21-w)w = 68cm^2    

w^2 - 21w + 68 = 0  (moving variables and framing equations)

(w - 17)(w-4) = 0 , w = 4cm,17cm    (calculating the values by using the equation)

Rectangle is 4cm by 17cm

7 0
3 years ago
Cosmetics firm SatinSilk is revamping its mission statement and advertising strategy. The CEO stresses that the new mission stat
raketka [301]

Answer:

The answer is: C) to give customers the complexion they dream about by providing products suited to their needs

Explanation:

The mission statement states why a company exists and what is its overall goal.

This particular mission statement emphasizes:

  • Why SatinSilk exists: to give customers the complexion they dram about.
  • What is SatinSilk's overall goal:  to provide customers the products that suit their needs.  
6 0
3 years ago
Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appe
insens350 [35]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,634,000 / 86,000

Predetermined manufacturing overhead rate= $19 per direct labor hour

<u>Now, we can allocate overhead to each unitary product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Xactive= 19*1.4= $26.6

Pathbreaker= 19*1= $19

<u>Finally, the unitary cost of each product:</u>

Xactive= 63.8 + 17.2 + 26.6= $107.6

Pathbreaker= 50 + 12 + 19= $81

6 0
3 years ago
Other questions:
  • Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data
    9·1 answer
  • Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
    5·1 answer
  • Conflicts of interest may exist when employees have financial investments. True or False
    5·1 answer
  • A company has inventory that cost $50,000. Its scrap value is $65,000. The inventory could be sold for $150,000 if manufactured
    11·1 answer
  • An owner of land may involuntarily and unknowingly give up the rights to land. When a fee simple interest is conveyed to a new o
    8·1 answer
  • With an expansionary monetary policy, investment, consumption, and net exports all ________, which results in the aggregate dema
    15·1 answer
  • Câu 4: Các hoạt động tiếp thị quá đáng mang tính quảng cáo hay lạm dụng lợi ích đến người kê toa nên được kiểm soát bởi:
    15·1 answer
  • If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Ju
    11·1 answer
  • with a variety of different brands, marriott needs a clear ________ strategy to help provide customers with accommodations that
    14·1 answer
  • d). Management has decided that those employees whose scores are among the top 10% will be considered for promotion to a better
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!