All categories

3 years ago

What is allowable self-employment plan contributions.

1 answer:

4 0

<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>

You might be interested in

If the probability of losing your job remains _________, a recession would be a good time to purchase a home because the Fed us

gayaneshka [121]

Answer:

low; lowers

Explanation:

The Fed usually lowers the interest rate to improve the economic, to encourage investors and borrowers. When a job is stable that’s the point when fed lowers the interest rate. Likewise, when rates are excessively low, it can further increases economic growth which leads to increase in inflation, decreasing buying power and undermining the supportability of the financial extension.

8 0

4 years ago

Miami Book Publishers (MBP) just reported earnings of $20 million, and it plans to retain 35 percent of its earnings. If MBP’s h

prohojiy [21]

Answer:

5.25%

Explanation:

The computation of the expected growth rate for MBP’s earnings is shown below:

Expected growth rate = Historical return on equity (ROE) × retention ratio

= 15% × 35%

= 5.25%

We simply multiplied the return on equity with the retention ratio so that the expected growth rate could come

The earnings that are mentioned in the question is not relevant. Hence, ignored it

7 0

4 years ago

Jewelry Company has a sales budget for next month of $450,000. Cost of goods sold is expected to be 45 percent of sales. All goo

lukranit [14]

Answer:

The cost of goods sold for next month is expected to be $202,500

Explanation:

Given that,

Sales budget = $450,000

Cost of Good sold = 45% of sales

Opening inventory = $20,000

Ending inventory = $24,000

Beginning accounts payable = $206,500

Since, in the given question, it is mentioned that the cost of good sold is 45% of sales.

So,

Cost of Goods Sold (COGS) = 0.45 × $450,000

= $202,500

Hence, the cost of goods sold for next month is expected to be $202,500

Note: we don't considered other things which is mentioned in the question.

7 0

3 years ago

Which technique are you most likely to use to reduce tension when communicating difficult information?

butalik [34]

Every person has its own individual way of reducing tension. It really depends on what kind of person you are. Some people find it hard to avoid such situations without alcohol, and some people help themselves by basic meditation. It is truly useful, just take a deep breath for several times and you will see that now its easier to think about all.

4 0

4 years ago

In 3 or 4 sentences, explain how increasing the money supply can result in economic growth.

3241004551 [841]

The value of the American dollar would go down drastically. By doing that it would increase the prices of basically anything and everything. It will place our country in an immense debt and could potentially have our country fail.

8 0

4 years ago