Which of the following statements about traditional IRAs is TRUE?
Taxable invelliment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA.
Taxpayers may be able to reduce their tax liability by contributing to an IRA after the tax year has ended.
Taxpayers with a timely filed extension have until October 15 of the tax year to establish and contribute to an IRA.
Taxpayers who participate in an employer-sponsored retirement plan are prohibited from contributing to an IRA.
Mark for follow up

Answers

Answer 1

Answer:

Taxable investment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA.

Explanation:

A traditional individual retirement account (IRA) is an investment account that offers tax-advantaged retirement savings. This means that contributions to a traditional IRA  are not taxed at the moment of contribution but rather at the time of withdrawing. An IRA is held in the individual person's name and may exist in place of an employer-sponsored retirement account.

Interest or capital gains from the investments activities are considered as income in IRA accounts. Any taxes due is deferred to the time of withdrawal, just like all other contributions.

Answer 2

Taxable investment income, such as interest, dividends, and capital gains, will qualify as compensation for the purpose of contributing to an IRA. Thus, option A is appropriate.

Investments are made with the intention of creating income or profit in the future. They are typically made with money. In plain English, it entails investing money in a business or asset with the hope of receiving a return on the investment.

Investments are traditionally defined as "commitments of resources to realize benefits in the future." If money is involved, an investment represents a "commitment with the goal of receiving more money later."

Thus, option A is correct.

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Related Questions

why do we need to consider the important points in making the salad?.​

Answers

Answer:

It is very health to eat a salad...

Explanation:

Washing Ingredients - Wash salad greens and examine to insure the removal of all aphids. Then soak in cold water for half an hour to crisp, and dry on a towel or by shaking in a wire basket

Eating a salad a day is directly correlated with higher nutrient levels. ... The fat in salad dressing helps absorb key nutrients such as lycopene and alpha- and beta-carotene. People who eat salads, salad dressing, and raw vegetables are more likely to meet recommended intakes for vitamins C, E and folic acid Loaded with vitamins and minerals, eating a salad a day will also increase the level of powerful antioxidants in your blood. The basis of any salad, leafy greens, offer a huge nutritional benefit. Among the best of the super greens group are: kale, spinach, beet greens, watercress and Romaine lettuce

You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to the loan​

Answers

Answer:

Explanation:

The answer is A hope it helps

Answer:

A. The number of years between adjustments in the interest rate

Explanation:

Took the class

Why is education considered as foundation of any profession

Answers

Answer:

see below

Explanation:

Education is important for all careers. It all allows access to quality learning, acquiring skills and knowledge, and people skills that employers consider mandatory. Today, all careers and professions require a minimum level of education as a prerequisite for employment.

Education helps one identify their talents, which facilitates selecting suitable careers. Education provides the chance for one to follow a career path that leads to their preferred profession. One studies the subjects that interest them and the ones that lead to desired careers.

Education exposes one to different career opportunities. Through guidance and counseling, and personal preferences, one is able to identify and select a  career of their choice.

Different careers require different educational levels. Appreceiteroship is also part of education. One learns from an established professional. Some career such as medicine and architecture requires many years of education.

If a buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damages if he is not prohibited from doing so by the

Answers

Answer:

statute of limitations

Explanation:

If the buyer defaulted some time ago on a written contract to purchase a seller's real estate, the seller can still sue for damages if he is not prohibited from doing so by the

statute of limitations

The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.​

Answers

Answer:

Here given that perimeter of circular running track =330m

Let radius=r

As we know that in a circle

[tex]{\boxed{\sf Perimeter=2\pi r}}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=52.5 [/tex]

[tex]\therefore\sf r=53m (Approx)[/tex]

Again

[tex]{\boxed{\sf Area=\pi r^2 }}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 [/tex]

[tex]\therefore\sf Area=8828m^2 (Approx)[/tex]

Now

the radius is increased by 7m

Hence

New radius=(x+7)m=53+7=60m

New Area=

[tex]\qquad \quad{:}\longmapsto\tt \pi. r^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 11314.28m^2 [/tex]

[tex]\therefore\sf AREA=11314m^2 (Approx).[/tex]

now

Area of widened Area=New area-Old Area

[tex]\qquad \quad{:}\longmapsto\tt 11314-8828 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 2486m^2 [/tex]

Cost of widening per square=8

Total cost=

[tex]\qquad \quad{:}\longmapsto\tt 2486×8 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 19888[/tex]

[tex]\therefore\sf Total\:cost\:is\: 19888.[/tex]

Can't understand the attachment?

Here is a latex diagram for your question.

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[tex]\setlength{\unitlength}{1cm}\begin{picture}(0,0)\thicklines\qbezier(2.3,0)(2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,-2.121)(0,-2.3)\qbezier(2.3,0)(2.121,-2.121)(-0,-2.3)\qbezier(1.2,0)(1.121,1.121)(0,1.2)\qbezier(1.2,0)(1.121,-1.121)(0,-1.2)\qbezier(0,-1.2)(-1.121,-1.121)(-1.2,0)\qbezier(-1.2,0)(-1.121,1.121)(0,1.2)\put(-0,0){\vector(-1,0){2.3}}\put(0,0){\vector(0,1){1.2}}\put(-1.7,0.2){$\bf (x+7)m$}\put(0.2,0.3){$\bf x m$}\end{picture}[/tex]

which of the following is NOT a promotion strategy or activity
(a) Buying keywords on search homepages which trigger clickable text boxes when the keywords are use in a search.
(b) Gaining the exclusive right to retail a company's products in a specific area for a specific period.
(c) Viral marketing, which facilitates and encourages people to pass along a marketing message about a particular product.
(d) Public relations efforts to establish and maintain a company's image.

Answers

Answer:

A and D

Explanation:

I think the answer is A and D

Ji-woo has a new credit card. She wants to use it for online shopping. What are three things that make this a poor choice

Answers

1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)

The three things that should make the poor choice:

The bill are paid after the due date that affect the credit score. There is overspending. The credit card is used for the unknown website due to which the chances of fraud are increased.

In this way, these 3 things make the poor choice.

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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address

Answers

Answer:

The answer is C.

Explanation:

Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.

According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.

Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.

Answer:

The answer is C

Explanation:

Please help
What is the best social media site to use if you want to do professional networking? MySpace
FB
LinkedIn
Twitter

Answers

Answer:

Linkedin

Explanation:

Linkedin Is an awsome way to get your name out there and be mad known and also to communicate with others in the profession you would like to go into :)

Answer:

LinkedIn

Explanation:

When the increase in the price of one good causes the demand for another good to decrease, the goods are Group of answer choices normal. complements. inferior. substitutes.

Answers

Answer:

complements.

Explanation:

Complementary goods are those goods that can be used together. When there is complementary goods so if there is a rise in the price of one good so it reduced the quantity demanded for that particular good so automatically its complementary good demand is also reduced as the goods are used together

Therefore as per the given situation, the option 2 is correct

You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000

Answers

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

EastGate Physical Therapy Inc. Is planning its cash payments for operations for the first quarter (January–March). The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows:

Answers

The question is incomplete. The full question is :

EasyGate Physical Therapy Inc. is planning its cash payments for operations for the first time quarter (January - March), 2015. The Accrued Expenses Payable balance on January 1 is $ 15,000. The budgeted expenses for the next three months are as follows :

                                                   January         February          March

Salaries                                      $ 56,9000      $ 68,100        $ 72,200

Utilities                                          2,400              2,600             2,500

Other operating expenses        32,300            41,500            44,700

Total                                         $ 91,600           $ 112,200       $ 119,400

Other operating expenses include $ 3000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining paid in the following month. The Accrued Expenses Payable balance on January  relates to the expenses incurred in December.

Solution :

                                SCHEDULED OF CASH PAYMENTS  

     Particulars                                        January       February       March

Accrued expenses payable                $ 15,000

Payment of current month expenses   $ 61, 670     $ 76, 090      $ 81,130

Payment of prior month's expenses                         $ 26, 430      $ 32, 610

Total payment                                        $ 76, 670    $ 102,520      $ 113,740

Working :  

                                                             January       February       March

Other operating expenses                $ 32,300      $ 41,500        $ 44,700

Less: devaluation expenses                $3,000        $3,000           $3,000

        Prepaid expenses                           $500            $500              $500

Other operating expenses               $ 28, 800     $ 38,000        $ 41, 200

Additional Salaries expenses           $ 56, 900     $ 68,100        $ 72, 200  

Additional Utilities expenses               $ 2,400        $ 2600           $ 2500  

Total budgeted expenses                  $ 88,100     $ 108,700        $ 115, 900

Payment in current month at 70%    $ 61, 670      $ 76,090          $ 81, 130

Payment in prior month at 30%        $ 26, 430      $ 32,610          $ 34, 770                          

If you own a share of stock in a company and the risk associated with its business falls, you would expect a capital loss. a higher dividend. a bubble. a capital gain.

Answers

Answer:

b. higher dividend

Explanation:

If you own a share of stock in a company and the risk associated with its business falls, you would expect a higher dividend. If the an organisation is able to diverse the risk associated with it, leading to fall of the risk at scale, then the price of its stock will rise which will lead to higher dividend to the shareholders.

what are the main components of parts of WTO framework agreement​

Answers

Answer:

In fact, the agreements fall into a simple structure with six main parts: an umbrella agreement (the Agreement Establishing the WTO); agreements for each of the three broad areas of trade that the WTO covers (goods, services and intellectual property); dispute settlement; and reviews of governments' trade policies.

Explanation:

What is the effect of credit card interest on the real cost of items?

Answers

Answer:

Credit card interest rates, also known as finance charges, vary from one card issuer to another and may also vary across different credit cards from the same issuer. Before getting a credit card, you must be aware of the interest rate charged on it. Unlike other loans, credit card interest rates are usually not linked to the user’s credit score and repayment capacity. Every credit card has a preset finance charge and it will be the same for all the customers.

The most important point to note here is that interest is charged on credit cards only if you have not paid the outstanding amount in full or withdrawn cash from ATMs using the credit card. No interest is charged when you clear your credit card dues on time.

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

Answers

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U

Answers

Answer:

They just ask you what you have learned in your previous math courses.

Explanation:

.A car salesman earns a 7% commission on the price of any car he sells. If he earns $620 on the sale of a car, then he sold the car for a price of $________. Hint: Round to the nearest cent as needed.
**HELP, WILL MARK BRAINLIEST**

Answers

Answer: $8,857.14

Explanation: $620/.07= $8,857.14

Question 1 of 10
How does a person's marital status affect the amount that is deducted from
his or her paycheck for taxes?
O A. Divorced people pay more in taxes than married people.
O B. Deductions for married people are often less than those for single
people
C. Marital status has no impact on taxes.
D. Deductions for married people are often more than those for
single people.

Answers

Answer:

  B. Deductions for married people are often less than those for single people

Explanation:

You want to know how a person's marital status affects the amount that is deducted from his or her paycheck for taxes.

Discussion

In the US, the withholding tax tables generally call for smaller deductions for a person who is married than for a single person. The amount deducted depends on the declarations made on the W-4 form: whether the person is single or married, the number of dependents, and whether they are the head of the household.

Other things being equal a married person will have less withholding tax deducted than a single person.

__

Disclaimer

This should not be considered to be tax advice. Consult a tax professional for the latest and best information on this subject.

Question 1
1 pts
Which of the following can help a salesperson distinguish between a buyer's wants and needs?
O lead generation
O prospecting
O a needs assessment
a buyer's wish list

Answers

I would say a needs assessment

Last year, your store's total revenue was $570,000. The store's total discounts were $15,000 and returns totaled $10,000. What were your
store's net sales?

Answers

Answer:

$545,000

Explanation:

Net sales represent a company's gross sales or revenues minus the sales returns, allowances, and discounts. Therefore, the net sale is the actual amount the company realizes from its sales.

in the cases;

net sales = revenue - discounts

net sales = $570,000 - ($15,000 +$10,000.)

net sales =$570,000 -$25,000

Net sales =$545,000

Relationship between technology and technical profession with example

Answers

Answer:

A technical position will use technology. For example, a programmer will utilize computer languages such as Java to write code to run on a variety of devices: cell phones, tablets, and laptops. A knowledge of how thinking and hardware interact is absolutely necessary.

commenced business with the balance at bank 125,000 (journal entry)​

Answers

bank a/c Dr

to capital a/c

Wendy has a monopoly in the retailing of motor homes. She can sell five per week at $21,000 each. If she wants to sell six, she must charge $20,000 each. The quantity effect of selling the sixth motor home is

Answers

Answer:

$20,000

Explanation:

Based on the information given we were told that If she wants to sell six motor home she have to charge the amount of $20,000 for each of them which means that the QUALITY EFFECT of selling the sixth motor home is $20,000 which is the amount we were told she must charged If she wants to the sell six motor home.

Therefore The quantity effect of selling the sixth motor home is $20,000

what happen if a person dies and they wanted someone to have there car. They died and everyone knows that the car was suppose to go to that person, but the person that died didn't have I will or anything saying it was suppose to go to that person, can they still get the car?​

Answers

Answer:

it all depends on if the family is the giving type as some people would try to hold on to things from listed onesand others would try to Give them away ....in shot people grieve differently so it's a 50/50 chance

Answer:

probably not because it's just like if this family met an old person about to die and pretended to be nice and do things for him until he died then went to the police and said that he would give them his house so now a days u can't just go off of 'they said ___ before I died' SO like I said again probably not

pe Problems
he following transaction of Raj:
Raj started business with cash Rs 20,000
Purchased goods for cash Rs 4,000
Goods purchased from Rabina Rs 4,000
Furniture purchased from Kailash for Rs 6,000
l entries
Account​

Answers

Answer:

cash a/c .......Dr rs.20000

To, capital a/c rs.20000

what Is margin of safety?



A. Difference between selling price and variable cos

B. difference between contribution margin per unit and fixed cost

C. difference between current sales and break-even sales​

Answers

Answer:

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales

You might be passed over for a promotion due to your image if you __________. a. Speak eloquently and without verbal tics b. Dress as well as your supervisors do every day c. Keep personal pictures publicly available online d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:

I think it would be D but i am not for sure:]

Explanation:

Answer:

c

Explanation:

just took the test

If a salesperson notices a billing error in an order, he or she should: Group of answer choices let the finance team take a call on it. inquire about the severity of the error and act accordingly. wait until the customer notices it. correct billing problems without being prompted by the customer. leave it to the senior management to decide whether or not to rectify it.

Answers

Answer:

c. Correct billing problems without being prompted by the customer.

Explanation:

If a salesperson notices a billing error in an order, he or she should correct billing problems without being prompted by the customer. A Salesperson should act there after the notice and fix the billing problems for the customer as it may result in confusion later.

(13 points) APY is a(n) ____.

A. noncompounding interest rate

B. daily interest rate

C. interest rate advertised by lenders

D. interest rate advertised by borrowers

Answers

Answer:

C. interest rate advertised by lenders

Explanation:

APY stands for  Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.

The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.

Other Questions
ratios equivalent to 10:9. PLEASE HELP!!!!! :( PLS HELP!! ILL GIVE BRAINLIEST!!How did disease impact encounters and exchanges between European explorers and the American Indians? *in your own words* Which phrase describes a speech thatdemonstrates "clarity?"difficult to followfilled with interesting detailseasy to understandbased on careful research How were the Southern colonies similar to each other?a-They had long coastlines, rocky soil, and cold winters.b-They had tall grasses, little rainfall, and fertile soil.c-They had long growing seasons, mild winters, and hot summersd-They had high mountains, fast flowing streams, and rare mineral resources 8(4x+6) -58 = 2(7x+31) helpppppppppppppppp The Customer Service Center in a large New York department store has determined that the amount of time spent with a customer about a complaint is normally distributed, with a mean of 10.1 minutes and a standard deviation of 2.8 minutes. What is the probability that for a randomly chosen customer with a complaint, the amount of time spent resolving the complaint will be as follows. (Round your answers to four decimal places.)(a) less than 10 minutes (b) longer than 5 minutes (c) between 8 and 15 minutes 5{ 10 [6 + 9 ( 57 - 48 ) + 12]} 8 Stanley ordered two pizzas cut into eighths. If he ate 5/8 of a pizza, how much was left? Juana _____ ayuda. pede piden A person who normally weighs 700 N is riding in an elevator that is moving upward but slowing down at a steady rate. If this person is standing on a bathroom scale inside the elevator, what would the scale read? What force is required to give an object with mass 50 kg an acceleration of 8 m/s2 O A. 6.25 N O B. 58 N O C, 400 N O D, 250 N Evaluate (3n + 2) 10 when n = 3.First, evaluate within the parentheses. Then evaluate exponents. Next, multiply and divide from left to right. Then, add and subtract from left to right.Evaluate the expression for the given value of the variable and use the drop-down menus to complete the statements.Substitute the given value for the .Use the to simplify.First, complete the inside the parentheses.Next, complete the inside the parentheses.Last, complete the subtraction.The value is . Which of the following describes mode of transmission?Group of answer choicesThe method by which a pathogen is transmittedA description of the susceptible hostA process for killing pathogensThe way a pathogen is treated once it enters the body answer correctly please and you will get brainliest A 5-kg projectile is fired over level ground with a velocity of 200 m/s at an angle of 25above the horizontal. Just before it hits the ground its speed is 150 m/s. Over the entire trip thechange in the thermal energy of the projectile and air is: DUE IN 5 MINWhich of the following was not part of Alexander Hamilton's financial plan for the United States?Group of answer choicestaxes on importsaid to farmerstaking over state debtscreating a bank A recipe uses 3 tbspoons of olive oil for every 2 cloves of garlic. How many cloves for every 1 tbspoons of oil? Match the exercise with the muscle or muscle group it exercises. -3x + 12 = -36solve for x