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cupoosta [38]
2 years ago
15

Myers, who is single, has compensation income of $72,000 in 2020. He is an active participant in his employer’s qualified retire

ment plan. Myers contributes $6,000 to a traditional IRA. Of the $6,000 contribution, how much can Myers deduct? Phaseout of IRA Deduction of an Active Participant in 2019 AGI Filing Status Phaseout Begins Phaseout Ends Single and head of household 64,000 73,000Married, filing joint return 103,000 123,000 Married, filing separate return -0- 10,000
Business
1 answer:
Rus_ich [418]2 years ago
6 0

Answer

i just need points

Explanation:

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Assume that over the past 88 years, u. S. Treasury bills had an average return of 3. 5 percent as compared to 6. 1 percent on lo
zheka24 [161]

The average nominal risk premium on the long-term government bonds was 2.6 percent.

A risk premium is the expected investment return on an asset that is higher than the risk-free rate of return. The risk premium on an asset is a form of compensation for investors. It compensates investors for tolerating the additional risk in a given investment over that of a risk-free asset. Subtracting the return on risk-free investment from the return on investment yields the risk premium.

The nominal risk premium is:

Nominal Risk-Free Rate - Inflation Premium = Real Risk-Free Rate. Nominal rates are the rates we encounter on a daily basis, such as interest rates from banks and other financial institutions.

Nominal risk premium = 6.1 % -3.5 %

= 2.6%.

Learn more about risk premium here-

brainly.com/question/15570868

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8 0
1 year ago
Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov & Company CPAs. The firm pays
klemol [59]

Answer:$4,750

Explanation:

Taxable amount is given as  = Tuition benefits - Excludable amount

where,

Tuition fees benefits by company  = $10,000

Employer Tuition Assistance = $5,250 exclusion from income per student Tuition for oneself  (Employee) based on  graduate or doctoral classes  taxed on the dollar amount over and above the first $5,250.00 of tuition benefits paid per calendar year.  (source https://www.irs.gov/newsroom/tax-benefits-for-education-information-center)

therefore, Taxable amount = $10000-$5250

Taxable amount = $ 4750

Brady need to include$ 4750 in gross income.

4 0
3 years ago
Read 2 more answers
An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fair market value.
Studentka2010 [4]

Answer:

4) goodwill is impaired

Explanation:

5 0
3 years ago
True or False: Stock market crashes have relatively little effect on the overall economy?
torisob [31]
False. The stock market is essential to the economy. The Great Depression is a prime example. 
8 0
3 years ago
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In your own opinion, why do you think it is important to establish a daily job search routine?
Alenkinab [10]

The answer is: because every day there is more opportunities opening up

You will never know where a company will post a job opportunities that provide better conditions or salaries compared to the job that you currently had. Because of this, you need to keep expanding your networks and setting up routine job search schedule.

5 0
3 years ago
Read 2 more answers
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