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ra1l [238]
2 years ago
13

Jack is a 74-year-old, single taxpayer whose income consists of $10,000 in wages and $31,000 in social security benefits. The ma

ximum amount he can contribute to a Roth IRA for 2019 is: A) $0 B) $6,000 C) $7,000 D) $10,000
Business
1 answer:
Lapatulllka [165]2 years ago
4 0

Based on his age and income, the maximum that Jack is able to contribute to a Roth IRA in 2019 is <u>C. 7,000.</u>

In the year 2019, tax laws were such that:

  • $6,000 was the maximum to be contributed to Roth IRA.
  • $1,000 could be contributed in excess by those above the age of 50.

As Jack is above the age of 50, he can contribute an extra $1,000 over the limit which puts him at:

= 6,000 + 1,000

= $7,000

In conclusion, Jack can contribute a maximum of $7,000.

Find out more on Roth IRA at brainly.com/question/1300867.

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Answer:

The answer is A.

Explanation:

According to the details given in the question on the two financial advisor's approach, the first advisor does not request a payment but a commission on the funds purchased with the inheritance money. The second advisor does request payment for the job and also a share on the assets managed with the inheritance money.

If Kirby wants to minimize the upfront expenses which can be described as the sum that is paid before a service or a job is done, then the first advisor is the better option. So the answer is A.

I hope this answer helps.

5 0
3 years ago
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Answer:

It's A im thinking

Explanation:

7 0
3 years ago
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Answer:

The correct answer is Interpersonal.

Explanation:

Interpersonal justice refers to the perception of justice of employees in the interpersonal treatment they receive from those who have the power and the power to distribute the results (usually managers and managers). It is important for managers to be courteous and polite and treat employees with dignity and respect to promote interpersonal justice. In addition, managers and managers must refrain from making derogatory comments or belittling their subordinates.

4 0
2 years ago
High valley antiques would like to issue new equity shares if its cost of equity declines to 10.5 percent. the company pays a co
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The price of the share would be calculated as -

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8 0
3 years ago
The new international division of labor reflects the growing importance of
Ivahew [28]

Answer:

A) Outsourcing

Explanation:

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