Clarisse's filing status is head of household. She has modified adjusted gross income of $29,000 and she made a $2,000 contribution to her IRA. What is the amount of her retirement savings contributions credit?
What will be an ideal response?
Clarisse will receive a retirement savings contributions credit of $400. This is calculated as the $2,000 contribution multiplied by the applicable percentage of 20%.
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The purchasing manager is evaluated by his/her supervisors based on purchasing inventory at the lowest price. Consequently, the purchasing manager knowingly orders materials only based on price. This has resulted in the purchase of inferior quality materials. This improved the purchasing manager's performance evaluation, but had a negative impact on production due to an increase in scrapped
materials. This situation is an example of a failure of: a. goal congruence b. management perquisites c. management by exception d. control theory
Answer the following statements true (T) or false (F)
1. A step in the process of managing risk is identifying the person to be held responsible for the success or failure of the process. 2. On-time completion risk is one of the types of risk that a project can face. 3. A popular approach to risk mitigation is to avoid doing risky projects. 4. A way to mitigate risk is to blame the risk on a third party.
What proofreading procedure should Kyle use when proofreading an employee training manual?
a. Proofread only once, thoroughly checking for errors of various types. b. Proofread twice, concentrating in the first pass on content errors and in the second pass on format errors. c. Proofread three times, concentrating on content, organization, and style in the first pass; on mechanical errors in the second pass, and reading from right to left in the third pass. d. Allow the computer to do the proofreading, as it is thorough and accurate.
At the end of the accounting period, Houston Company had $5200 of common stock, paid-in capital in excess of par value-common of $6100, retained earnings of $6000, and $2500 of treasury stock. What is the total amount of stockholders' equity?
A. $14,600 B. $14,800 C. $19,800 D. $8800