Answer:
If you are single, head of household or married filing separately, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $61,000 and is zero beginning at $71,000. If you are married, filing jointly, or a qualified widow or widower, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $98000 and is zero beginning at $118,000. So since they dont have an income limitation and are not covered by another pension plan, they both should be able to contribute $5,500 for a combined result of $11,000 to a Roth IRA
Answer:
0.2571 or 25.71%
Explanation:
In this case, even though the initial amount invested is not given, it can be found by subtracting the amount by which the investment appreciated of the year-end value:
The return rate is given by the interest payed added to the amount appreciated, divided by the initial investment:
The customer's total return is 0.2571 or 25.71%
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$12,620
Explanation:
Cost of Direct materials of Job 99 = $70 x 100 = $7,000
Cost of Direct labour of Job 99 = $5 x 100 = $5,000
Overhead Expenses of Job 99 = $62 x 10 = $620
Total job cost for Job 99 = 7000 + 5000 +620 = $12,620
<h3>Answer:</h3>
Under the periodic inventory system.
What is periodic inventory system?
Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.
