You deposit $100 in a savings account. The account earns 11% simple interest per year.
1 answer:
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Answer: $85,000
Step-by-step explanation:
Given : In a given population of two-earner male-female couples, male earnings have a mean of $40,000 per year and a standard deviation of $12,000.
Female earnings have a mean of $45,000 per year and a standard deviation of $18,000.
If C denote the combined earnings for a randomly selected couple.
Then, the mean of C will be :-
Hence, the mean of C = $85,000
Answer:
$4,800
Step-by-step explanation:
The maximum contribution for traditional IRA in 2019 = $6000
Given that;
karen has a salary of $33,000 and rental income of $33,000; then total income = $66,000
AGI phase-out range for traditional IRA contributions for a single taxpayer who is an active plan participant is $64,000 – $74,000.
PhaseOut can be calculated as:
=
= 0.2 * 6000
= 1200
Therefore, the maximum amount that Karen may deduct for contributions to her traditional IRA for 2019 = The maximum contribution for traditional IRA in 2019 - PhaseOut
= $6000 - $1,200
= $4,800