Donna, age 50, is single and earns $40,000 annually. She is covered under her employer's retirement plan. Donna would like to start a traditional IRA and contribute $4,000 this year
Which of the following describes her ability to establish a traditional IRA and the tax treatment of her contribution?
A) Her contribution is fully tax deductible.
B) Her contribution is partially tax deductible.
C) No portion of the contribution is tax deductible.
D) Donna is not eligible to establish a traditional IRA, so no contribution can be made.
Answer: A
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If the diploid number of chromosomes for an organism is 52, what will the haploid number of chromosomes be?
A. 26 B. 48 C. 24 D. 112
Nadal Company On October 1, 2012, Nadal Company received a $50,000 promissory note from Borg Company. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2013. Refer to the information provided for Nadal Company. An adjusting entry for Nadal's year end, December 31, 2012 needed to:
A) increase interest revenue by $2,250 B) increase notes receivable by $750 C) increase interest receivable by $750 D) increase notes receivable by $2,250
Under Sarbanes-Oxley, a company must file an 8-K if it has waived its code of ethics for a financial reporting officer
Indicate whether the statement is true or false
The entry to record Shaman, Inc. selling 1,200 shares of $5 par common stock at $9 per share would be to:
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