Which of the following statements is incorrect regarding the SEP IRA?
A. Contributions made by the due date of the tax return can be treated as made on the last day of the related tax year.
B. The maximum contribution for 2019 is $56,000.
C. Both employers and employees can contribute to the plan.
D. Employer contributions must be nondiscriminatory.
Answer: C
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Answer the following statements true (T) or false (F)
1.Fears about the downward pressure that low-skilled foreign workers place on the wages of U.S. low-skilled workers have led U.S. labor unions to lobby for import restrictions such as tariffs and quotas. 2.According to the factor-priceequalization theory, international trade encourages the elimination of relative resource prices between nations. 3.Empirical testing by Wassily Leontief gave support to the Heckscher-Ohlin theory of trade. 4.The Leontief Paradox was the first major challenge to the product-life-cycle theory of trade. 5.The Leontief Paradox suggested that, in contrast to the predictions of the factor-endowment theory, U.S. exports were less capital-intensive than U.S. import-competing goods.
Overhead costs are not recorded in the Work in Process Inventory account
Indicate whether the statement is true or false
Phil enters into a contract with Quality Resorts, Inc., to work as a chef. Under the plain meaning rule, the meaning of this contract must be determined by reference to
A. any available evidence. B. any relevant extrinsic evidence. C. the face of the instrument. D. the later testimony of the parties.
Assume that a firm's earnings per share (EPS) are expected to be $1.35 next year and that analysts have determined that an appropriate forward-looking multiple is 20 times the projected earnings. What should the stock price be?
A) $11.35 B) $20.00 C) $27.00 D) $28.75