Robert, single and age 54, is a participant of his employer’s qualified profit sharing plan. for the current year he received a forfeiture allocation of $25, but the employer did not make any other contribution for the year. robert would like to make a deductible ira contribution. if robert’s agi is $80,000 (all comprised of w-2 earnings and portfolio income), what is the maximum deductible ira contribution robert may make to the plan?
a. $0
b. $3,000
c. $5,500
d. $6,500

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?