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aev [14]
3 years ago
13

Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plan

s. Their total AGI for 2018 is $130,000. Each is employed and earns a salary of $65,000. What are their combined deductible contributions to traditional IRAs?
a. $0b. $3,000c. $4,000d. $8,000
Business
1 answer:
vivado [14]3 years ago
4 0

Answer:

$0

Explanation:

Based on the information given we were been told that their total AGI which is fully known as ADJUSTED GROSS INCOME for the year 2018 was the amount of $130,000 in which the standard AGI for the year 2018 was the amount of $121,000 which means that their 2018 AGI of $130,000 exceed the standard 2018 AGI of $121,000 based on this the amount of their combined deductible contributions to traditional IRAs will be $0 had it been their AGI did not exceed the standard 2018 AGI they would have both contributed the amount of $11,000 ($5,500 each) to the traditional IRA which is fully known as INDIVIDUAL RETIREMENT ACCOUNT.

Therefore what are their combined deductible contributions to traditional IRAs will be is $0

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Rob a bank or hack someone account
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At July 31, Cullumber Company has this bank information: cash balance per bank $7,310, outstanding checks $715, deposits in tran
Luba_88 [7]

Answer:

$7,900

Explanation:

In Bank reconciliation statement the balances of Bank statement and the Balance from cash register is adjusted to calculated the adjusted cash balance for reporting at the end of the period. This is due to some outstanding deposits and Payment and other experiences which makes a difference between the bank statement balance and cash register balance.

Cash balance per bank = $7,310

Outstanding checks are those check which has been issued but not been presented in the bank yet. Deposit in transit is the amount of deposit which is pending in the clearing process.

Adjusted Balance = Cash Balance per bank - Outstanding Checks + Deposit in transit = $7,310 - $715 + $1,305 = $7,900

Bank charges are already adjusted in the cash balance per bank.

5 0
3 years ago
The cash remaining after a firm has met its operating expenses, payments to creditors, and taxes is called
RoseWind [281]

Answer:

residual cash flow

Explanation:

According to my research on financial terminology, I can say that based on the information provided within the question the remaining cash is called residual cash flow. Like described in the question this term is formally defined as the income that an organization has after all debts and expenses have been officially paid.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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4 years ago
You design HR management and payroll software. At a recent networking event, you met the HR manger at a small local accounting f
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Ybor Square is a small shopping center located in the part of Tampa known as Ybor City. The shopping center building used to be
max2010maxim [7]

Answer:

E) theme/festival center.

Explanation:

A theme or festival center is basically a shopping mall or strip mall that focuses primarily on tourists. It combines shopping, entertainment, dining and sometimes even architectural themes. My favorite example is the Lincoln Road Mall in South Beach which has bars, stores, restaurants, etc. And most importantly, I lived there for a couple of years. It was great until European tourists flooded it during August and September, the rest of the year is a really fine place.  

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