Answer:
The answer to this question can be defined as follows:
Explanation:
In part A
When Most citizens can't deductible in tax and their daily IRA donation, when the revenue is higher then all thresholds refer to specific levels. So, It can also pay to save for a non-deductible IRA to your withdrawal. Even if your IRA is not exempt.
Regulations on IRA Revenue:
When a company provides individuals or their spouse has been decided to hire by users have a 401(k) or 403(b) employee withdrawal account, experience some IRA depreciation contribution limits donations.
For an alternative to Roth IRA:
Most individuals have incomes above limits and the Roth IRA may indeed meet the criteria for a frequent IRA tax benefit and the higher level donation.
In part B
I will also take a glance at the answer from a tax viewpoint if a competent payment decreases subject to tax salaries and further decreases taxable income. It is a great way for both management and workers and employers receive big profits without taxation. Its value of a qualified retirement benefit provided for both the worker increases the amount that can be spent on behalf of the company by providing an eligible program.
Answer:
- cash or stock payments to shareholders.
Explanation:
Dividends a payment declared by a company and given to its shareholders, These dividends can be issued as cash payments or as shares of stock.
The dividend is the reward that each investor receives for investing in the company, it usually originates from the company's net profit.
Answer:
the correct balance of cash is $1,650
Explanation:
The computation of the correct balance of cash is shown below:
= Cash balance + deposits outstanding - check outstanding
= $4,340 + $1,210 - $3,900
= $1,650
Hence, the correct balance of cash is $1,650
WE basically applied the above formula so that the correct value could arrive
Answer:
The direct labor cost is directly debited to work in process account of specific job and indirect labor cost is debited to factory overhead control account.
The summary journal entry to record factory labor used is given below.
Debit WIP JOB 1 $ 2,300
Debit WIP JOB 2 $ 1,780
Debit WIP JOB 3 $ 1,570
Debit Factory Overhead Control account $ 1,350
Credit Payrol account $ 7,000
