What is the maximum amount a 55-year-old taxpayer and a 48-year-old spouse can put into a Traditional or Roth IRA for 2016, assuming they earn $85,000 in total and are not participants in pension plans?


$12,000 . $6,500 for the over-age-50 spouse and $5,500 for the under-age-50 spouse, either to Traditional or Roth IRAs.

Business

You might also like to view...

If the CPM for National Geographic is $16.44, it means it will cost $16.44 to reach:

A) the selected target audience B) one thousand readers C) 1,644 readers D) one million readers

Business

In the immediate marketing environment, the first factor that affects the consumer is

A. social trends. B. technological advances. C. the firm itself. D. demographics. E. cultural values.

Business

A company uses a job order costing system and applies overhead on the basis of direct labor cost. A summary of the company's Work in Process Inventory account for December appears below.Work In Process

DateExplanationPRDebitCreditBalanceDec. 1????73,800Dec.Direct MaterialsG-20235,800?309,600Dec.Direct LaborG-20117,000?426,600Dec.Factory OverheadG-20187,200?613,800Dec.Job No. 5 completedG-8?90,900522,900Dec.Job No. 6 completedG-10?131,400391,500Dec.Job No. 7 completedG-12?73,800317,700Dec. 31Job No. 8 completedG-15?168,300149,400Fill in the blanks for the following:(1) The total cost of the direct materials, direct labor, and factory overhead for jobs still in progress is $________.(2) The company's overhead application rate is ________%(3) Job No. 6 had $26,550 of direct labor cost. Therefore, the job must have had $________ of direct materials cost.(4) Job No. 8 had $73,998 of direct materials cost. Therefore, the job must have had $________ of factory overhead cost. What will be an ideal response?

Business

The ________ property of linear programming models indicates that the rate of change or slope of the objective function or a constraint is constant

A) additive B) divisibility C) certainty D) proportionality

Business