Lois is 53. What type of retirement plan allows her to contribute up to a maximum of $3,500, is not tax-deductible, but the earnings accumulate tax-free?
a. Roth IRA
b. 401(k)
c. 403(b)
d. Keogh
e. defined benefit
a. Roth IRA
You might also like to view...
According to Michael Scriven (1999), conducting an outcome-based summative evaluation of a program without knowing how and why the program works is called a ______.
a. black box evaluation b. gray box evaluation c. clear box evaluation
Bob Wheems borrowed $1,000. He received $840 and must repay the loan in one year. This is an example of a discount loan with an APR of 16 percent
Indicate whether the statement is true or false.
Seattle Corporation identifies an investment opportunity that will yield end of year cash flows of $30,000 in both Year 1 and Year 2, $35,000 in both Year 3 and Year 4, and $40,000 in Year 5. The investment will cost the firm $100,000 today, and the firm's required rate of return is 10 percent. What is the net present value (NPV) for this investment?
A. $23,653.26 B. $27,104.46 C. $44,226.00 D. $70,000.00 E. $35,768.45
The provisions of section 302 of the Sarbanes-Oxley Act (as originally enacted) require the signing officers of a company to do all of the following except:
A. evaluate the internal controls over financial reporting. B. maintain the internal controls over financial reporting. C. audit the internal controls over financial reporting. D. disclose material weaknesses in the internal controls over financial reporting. E. establish the internal controls over financial reporting.