Which of the following statements regarding IRAs is false?
A. The ability to make deductible contributions to a traditional IRA and nondeductible contributions to a Roth IRA may be subject to phase-out based on modified AGI.
B. Taxpayers who participate in an employer-sponsored retirement plan may be allowed to make deductible contributions to a traditional IRA.
C. A taxpayer may contribute to a traditional IRA in 2020 but deduct the contribution on her 2019 tax return.
D. Taxpayers who have made nondeductible contributions to a traditional IRA are taxed on the full proceeds when they receive distributions from the IRA.
Answer: D
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How do you know that a group in which you're taking part is suffering from groupthink?
A. Peer pressure makes you agree with the ideas of the other people in your group. B. Minority dissent is allowed, even encouraged. C. All ideas and conclusions must be backed up with data. D. The group would rather take the time to come to the right decision rather than agree too quickly on what may be the wrong decision. E. The group actively considers new ideas, even if these ideas challenge underlying assumptions.
Qualitative non-financial performance measures
a. are usually the most well-received by managers. b. often reflect long-term organizational goals better than financial performance measures. c. can only be developed in the production area of an organization. d. is limited by the number of critical success factors defined by the organization.
Cash paid for equipment would be reported in the statement of cash flows in
A) the cash flows from operating activities section B) the cash flows from financing activities section C) the cash flows from investing activities section D) a separate schedule
A local distributor for a Belgian chocolate manufacturer expects to sell 12,000 cases of chocolate truffles next year. The annual holding costs for the truffles are $16 per case per year. The ordering cost is $60 per order. The distributor operates 320 days a year. In this example, the total holding costs are given by ______.
A. 12,000 divided by $16 B. 150 times $16 C. 12,000 times $16 D. 300 divided by $16