Sally put $4,000 in her traditional IRA this year. If Sally is in the 25 percent marginal tax bracket, the government actually contributed ____ of that amount for her

a. $1,000
b. $3,000
c. $0
d. $4,000


a

Business

You might also like to view...

A firm's tangible offering to the market includes product quality, design, features, and packaging

Indicate whether the statement is true or false

Business

An adjusting entry made to record salaries earned but not yet paid or recorded is made with which of the following entries?

A) Salaries Expense - Debit; Cash - Credit B) Salaries Payable - Debit; Salaries Expense - Credit C) Salaries Expense - Debit; Salaries Payable - Credit D) Cash - Debit; Salaries Expense - Credit

Business

Which of the following represents a permanent difference?

a. Point-of-sale revenue recognition for financial reporting purposes, installment method for tax purposes b. Goodwill amortization deducted on the tax return but not amortized for financial reporting purposes c. Straight-line depreciation for financial reporting purposes, accelerated depreciation for tax purposes d. Carryback, carryforward option for taxes, no such option for financial reporting purposes

Business

The textbook example of HR tech company, Wagepoint explained that in order to find ways to engage employees and enhance communication they built a collaboration app called Play, which is a fun way for employees to assign goals and tasks to each other. Which organizational development intervention did this exemplify?

a. Quality of worklife b. Task-technology c. Sociotechnical system design d. People-focused

Business