Joyce, age 40, and sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. their total agi for 2018 is $130,000. each is employed and earns a salary of $65,000. what are their combined deductible contributions to traditional iras?

a. $0b. $3,000c. $4,000d. $8,000

explanation:

the contractual interest rate is the interest the borrower must pay and the interest the lender receives, or more simply, it is the interest rate stated on a bond whereas the market interest rate is “the investors demand for loaning funds”. therefore, bonds can either be sold at a premium, face value, or discount.

explanation:

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urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total