Anthony (30) will use the single filing status for 2021. His only income for the year was from wages. In early 2022, he received the following Form W-2 from his employer. He comes to you to have his taxes prepared, and he tells you he would like to contribute to a traditional IRA for 2021, but only if he is eligible to deduct the amount. He has no other adjustments to income. What is the largest amount Anthony can contribute and deduct if he makes the IRA contribution before the filing deadline? (Answer choices are below the image.)

Answers

Answer 1

Since Anthony is 30, the largest amount he can contribute and deduct from his Form W-2 for the traditional IRA for 2021 is $6,000.

What is the traditional IRA?

The traditional IRA or individual retirement account is a pre-tax contribution an employee saves towards retirement.

With a traditional IRA, Anthony can contribute pre- or after-tax dollars, allowing his savings to grow tax-deferred while withdrawals are taxed as current income unless after the age of 59½.

An additional tax of 10% may apply if Anthony withdraws from his traditional IRA before reaching 59½ years.

However, one advantage of the traditional IRA is that the employee invests more funds upfront since the deduction is mostly made before tax.

Thus, I will advise Anthony to deduct a maximum of $6,000 from Form W-2 towards his traditional IRA to save more money in advance.

Learn more about the traditional IRA at https://brainly.com/question/2108625

#SPJ1


Related Questions

Solve the radical equation. Please explain each step in detail.

Answers

Answer:

[tex]x=\frac{1}{2}[/tex]

Step-by-step explanation:

Even roots can NEVER have a negative result, therefore the value of x can ONLY be positive values.

Your friend bought a new pair of shoes. He said the regular price was $75 but he got a 40% discount from the sales clerk. What is the sale price of the shoes

Answers

Answer:

40% off of 75 is 45$

Step-by-step explanation:

Divide the number by 100 (move the decimal place two places to the left).Multiply this new number by the percentage you want to take off.Subtract the number from step 2 from the original number. This is your percent off number.

Write an equation that represents the line. Use exact numbers.

Answers

Answer:

[tex]y=-\dfrac{1}{3}x+5[/tex]

Step-by-step explanation:

A line's slope is defined as rise over run.

The rise and run between the coordinates (0, 5) and (3, 4) is:

rise: -1

run: 3

Therefore, the slope of the line is -1/3. This is what x is multiplied by.

Next, to find what is added to x, find where the line crosses the y-axis. IN this case, that point is when y = 5, so in the second blank put 5.

You are planning a picnic for Memorial Day. You need to buy enough hot dogs and hamburgers so that each of your 10 guests can have two servings. You determined that hot dogs cost $0.40 each and hamburgers cost $0.80 each. You have $12 to spend on the hamburgers and hot dogs. How many hot dogs and how many hamburgers should you buy?

Answers

Answer:

hamburgers cost $0.80 each

Step-by-step explanation:

“Benjamin Franklin was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler [candle maker] who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the ‘New England Courant.’ To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723.”

Which is the best summary of this excerpt?
Benjamin Franklin was born in 1706. He went to Philadelphia in 1723 after a fight with his brother.
Benjamin Franklin, born in Boston in 1706, was the youngest of his father’s seventeen children. He stopped going to school at age ten, and soon after started apprenticing for his brother James, a printer, who published the “New England Courant.” Franklin became a writer and editor for the paper, but left Boston for Philadelphia in 1723 after an argument with James.
Benjamin Franklin, born in 1706, lived in Boston, New York, and Philadelphia in his early life.
Benjamin Franklin was born in Boston in 1706. He was the youngest of his father’s seventeen children. His father, Josiah, was a candle maker. Franklin’s schooling ended at age ten, and at age twelve, he started apprenticing for his brother James, who published the “New England Courant.” After apprenticing, Franklin started contributing to the paper. Later, he became an editor.

Answers

Correct answer: Benjamin Franklin held different jobs at "New England Courant".

"Use the given conditions to write an equation for x-intercept = -3/8 and y-intercept = 4 Write an equation for the line in point-slope form.
(Simplify your answer. Use integers or fractions for any
"

Answers

Answer:

y - 4 = 32/3 x

Step-by-step explanation:

A (-3/8; 0)

B (0; 4)


slope = (4-0)/(0-(-3/8)

4/3/8

4 * 8/3

32/3


y-4 = 32/3 (x-0)

y -4 = 32/3 x


Please help heres a pic

Answers

The fourth arrow is used to represent inequality x>3.2

What is Number system?

A number system is defined as a system of writing to express numbers.

Number line is a picture of a graduated straight line that serves as visual representation of the real numbers.

All the positive numbers are represented on the right side of the origin and all the negative numbers are represented on the left side of the origin, with a definite scale.

Here x>3.2 which means that values of x are greater than 3.2 so we use Open circle with right arrow.

Hence, the fourth arrow is used to represent inequality x>3.2

To learn more on Number system click:

https://brainly.com/question/22046046

#SPJ1

Ingrid wants to buy a ​$20000 car in 8 years. How much money must she deposit at the end of each quarter in an account paying 5.9​% compounded quarterly so that she will have enough to pay for her​ car?

Answers

Ingrid must deposit $402.74 at the end of each quarter for 8 years in order to have enough money to pay for her car.

4. Solve the quadratic equation 4x² + 7 = 25.

Answers

4x²+7= 254x²+7-25=04x²-18=0

use the formula 「x= [-b±✓(b²-4ac)]/2a」

a= 4, b= 0, c= -18

x= [-0±✓(0²-4(4)(-18))]/2(4)x= 2.1213... , x= -2.1213...
Hope this helps you

A movie theater sells popcorn in a reusable bucket for $3.50. They offer refills for $2.50 each.
Write an equation in slope-intercept form to model the cost in dollars, y, for x refills.

Answers

The linear function that models the problem of movie theater sells popcorn is

y = 2.50x + 3.50

How to model the required equation

A linear function consists of functions where the variables has exponents of 1.

The graph of linear functions is a straight line graph and the relationship is expressed in the form.

y = mx + c

definition of variable to suit the problem

y = output variable

m = slope

x = input variable

c = y intercept

The equation as described in the problem is represented using linear function as as follows

c = cost of the bucket = $3.50

m = cost of refills = $2.50

y = 2.50x + 3.50

Learn more on  linear models at :

https://brainly.com/question/29216888

#SPJ1

en una expresion algebraica la reduccion de terminos semejantes se da entre los terminos de igual

Answers

Answer:990

990

990

990

990

990

Step-by-step explanation:

Answer:

Variable y exponente.

Step-by-step explanation:

En una expresión algebraica la reducción de términos semejantes se da entre los términos de igual variable o incógnita y exponente.

Por ejemplo:

3x² + 5x²

se pueden reducir pues tienen la misma variable x y el mismo exponente 2, su resultado se genera solo sumando, restando, los coeficientes, en este caso 3 y 5

3x² + 5x² = 8x²

En el caso:

3y² + 5x²

No se puede reducir pues la variable o incógnita no son iguales:

x≠y

En el caso:

3x² + 5x³

No se pueden reducir pues su exponente no es igual.

Given the table below, write a linear equation that defines the
dependent variable, c, in terms of the independent variable, a.

Someone help I’ll give brainliest only need the answer no need for steps

Answers

Answer:

c = -1.75a + 15


A roofer creates a price quote to repair a
roof using shingles. Which is least likely to
affect the value of the price quote?

the estimated cost of the shingles
chosen for the roof
the estimated time to lay the
shingles and underlayment
the square footage of the front yard
and backyard
the square footage of the house and
garage

Answers

Answer:

Step-by-step explanation:

the estimated time to lay the shingles and underlayment

The Estimation cost of the shingles chosen for the roof.

What is Estimation cost?

Estimation cost is the process of predicting how much a project or task will cost. It is used to help make decisions about the feasibility of the project and to plan for its budget. Estimation cost is based on past experiences, the current market and expected future conditions. The accuracy of an estimate can be improved by gathering detailed information about the project and its components. This information can include the cost of materials, labor and time needed to complete the project. Estimation cost is an important part of project management and is used in combination with other project management tools and methods such as scheduling, budgeting and risk management.

To learn more about Estimation cost
https://brainly.com/question/25109150
#SPJ1

I need help on my homework ASAP!! PLEASE HURRY I HAVE 20 MINUTES

Answers

Answer: 10) 18x+21     11) 20 + 30a     12)  8x + 10y

Step-by-step explanation:

Distributive property means to multiply each number within the parenthesis by the number outside of the parenthesis.

10) 3(6x + 7)

     3*6x + 3*7

     18x + 21.

With that, you should be able to see how the other questions were answered.

Simplify to create an equivalent expression 7n-(4n-3)

Answers

The expression 3(n + 1) is equivalent to the given expression 7n-(4n-3).

What is the expression?

Expressions are defined as mathematical statements that have a minimum of two terms containing variables or numbers.

The expression is given in the question following:

7n - (4n-3)

We have to determine the equivalent expression

As per the question, we have

⇒ 7n - (4n-3)

Open the parentheses and distribute the negative sign,

⇒ 7n - 4n + 3

⇒ 3n + 3

⇒ 3(n + 1)

Thus, the expression 3(n + 1) is equivalent to the given expression.

Learn more about expression here:

brainly.com/question/13947055

#SPJ1

I need help please help me with this

Answers

Answer:

67.38°

Step-by-step explanation:

AD = DB = 24/2 = 12

<bcd = 12/5

< bcd = 67.38°

A rectangular piece of metal is 9 centimeters long and 6 centimeters wide. What is its area?

Answers

Answer:

54

Step-by-step explanation:

9x6


Find WY.
W
8
X
39°
Y
Write your answer as an integer or as a decimal round
WY =

Answers

6,2 is the answer hope you get it correct

help meeeeeeeeeeeeeeee pleaseeeeeeehelp meeeeeeeeeeeeeeee pleaseeeeeeehelp meeeeeeeeeeeeeeee pleaseeeeeeehelp meeeeeeeeeeeeeeee pleaseeeeeeehelp meeeeeeeeeeeeeeee pleaseeeeeeehelp meeeeeeeeeeeeeeee pleaseeeeeee

Answers

Answer:

500 rounded to the nearest tenth equal 500

Prove that () = + 5 and () = √ − 5 are inverse functions without finding the inverse of either function.

Answers

if two functions are inverse of each other, that means that their composite will result in "x" alone.

meaning, that if f(x) and g(x) are inverse of each other, then f(  g(x)  ) = x and the other way around will be the same, hmmm let's see if that's true

[tex]f(x)=x^3 + 5\hspace{5em}g(x)=\sqrt[3]{x-5} \\\\[-0.35em] ~\dotfill\\\\ f( ~~ g(x) ~~ )=[g(x)]^3 + 5\implies f( ~~ g(x) ~~ )=[\sqrt[3]{x-5}]^3 + 5 \\\\\\ f( ~~ g(x) ~~ )=(x-5) + 5\implies f( ~~ g(x) ~~ )=x ~~ \textit{\LARGE \checkmark} \\\\[-0.35em] ~\dotfill\\\\ g( ~~ f(x) ~~ )=\sqrt[3]{[f(x)]-5}\implies g( ~~ f(x) ~~ )=\sqrt[3]{[x^3 + 5]-5} \\\\\\ g( ~~ f(x) ~~ )=\sqrt[3]{x^3}\implies g( ~~ f(x) ~~ )=x ~~ \textit{\LARGE \checkmark}[/tex]

Explain how to find the distance between 1 and -3 on a number line.

Answers

Answer:

count backwards

Step-by-step explanation:

1, 0, -1, -2, -3

Answer:two ways

Step-by-step explanation: you can either count the spaces or you could just add until you get one of the answers -3 +4 =1 1- 4=-3

Helpgggggggggyyuuh
Gggggggggygggggggfffff

Answers

Answer:

I believe the answer is 15.

Step-by-step explanation:

let me know if I am correct.

. Lin's family has completed 60% of a trip. They have traveled 30 miles
How many miles is the trip?
A 50 miles
B. 48 miles
C. 30 miles
D. 18 miles

Answers

Answer: A 50 miles

Step-by-step explanation:

Its A becuase 60%=0.6 and 0.6 times 50 is 30 which means 60 percent of 50 is 30.

The answer is 50. 30 is 60% of 50

solve & check the linear equation
3(x-4) + 14=2(x+3)

Answers

Answer:

x = 4

Step-by-step explanation:

3(x - 4) + 14 = 2(x + 3)

3x - 12 + 14 = 2x + 6

3x + 2 = 2x + 6

-2x        -2x

-----------------------

x + 2 = 6

  -2    -2

---------------

x = 4

I hope this helps!

Find the perimeter of the shape made up of rectangles and squares

Answers

Answer: p = 45

Step-by-step explanation:

10 + 7 + 7 + 12 1/2 + 3 + 5 1/2
24 + 18 + 3
27 + 18 = 45

pla help.me with this question​

Answers

Answer:

7. A

8. B

Step-by-step explanation:

7.

     1               3

4 -------  -  2 -------

     2              4

  9        11

------- - -------

  2         4

  9(2)    11

------- - -------

  2(2)     4

  18        11         7           3

------- - ------- = ------- = 1 -------

  4         4          4            4

----------------------------------------------------------------------------------------------------------

8.

      3              3

13 ------- + 16 -------

      8              4

  107       67

------- +  -------

   8           4

  107       67(2)

------- +  -------

   8           4(2)

  107       134      241               1

------- +  ------- = -------- = 30 -------

   8           8          8               8

I hope this helps!

how much would it cost to replace all the windows on all the building in the united states?

Answers

The cost to replace all the windows on all the building in the United States is $7,200,000.

What is the expression to find the total cost?

Expression simply refers to the mathematical statements which have at least two terms which are related by an operator and contain either numbers, variables, or both.

Given that the cost to replace a window is $3 per window. IT should be noted that when there are 2,400,000 windows, the cost to replace all the windows on all the building in the United States will be:

= Cost of replacement × Total window

= $3 × 2,400,000

= $7,200,000

Learn more about expressions on:

brainly.com/question/723406

#SPJ1

The cost to replace a window is $3 per window. If there are 2,400,000 windows, how much would it cost to replace all the windows on all the building in the United States?

Given f(x) = -3x + 3, solve for x when f(x) = 9.

Answers

X would be negative 2 in this situation

Answer:

Step-by-step explanation: x=-2.      -3•-2=6+3=9

Andrew decided so joys a tenner clench. Below is a chart that displays how many games of lenis he has played and the meatal cost of playing those panes. In this scenario, C ( y ) represents the total cost for playing games.

Answers

The linear function that represents the situation is of:

C(y) = 13y + 145.

The intercept is of:

C(0) = 145, meaning that the flat fee to pay the game is of $145.

What is the linear function?

The slope-intercept representation of a linear function is given by the rule presented as follows:

y = mx + b

The coefficients of the function and their meaning are listed as follows:

m is the slope of the function, representing the rate of change of the function.b is the y-intercept of the function, representing the initial value of the function.

Two points of the function, from the table, are given as follows:

(8, 249) and (13,314).

The slope is given by the change in y of the two points divided by the change in x, hence:

m = (314 - 249)/(13 - 8) = 13.

Hence:

C(y) = 13y + b

When y = 8, C(y) = 249, hence the intercept b of the function is obtained as follows:

249 = 13(8) + b

b = 249 - 13 x 8

b = 145.

Meaning that the flat fee to pay the game is of $145.

More can be learned about linear functions at https://brainly.com/question/24808124

#SPJ1

20 points and brainliest

Answers

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

-2x + 8 = -2x + 8

-2 makes the equation equal.

Option A is the correct answer.

What is an equation?

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

Example:

2x + 4 = 6 is an equation.

We have,

-2x + 8 = __x + 8

The equation has infinitely many solutions when both sides of the equation are equal.

Now,

-2x + 8 = -2x + 8 is equal on both sides.

Thus,

-2x + 8 = -2x + 8

-2 makes the equation equal.

Option A is the correct answer.

Learn more about equations here:

https://brainly.com/question/17194269

#SPJ1

Other Questions
What is a real-world example of an open population? A hot chocolate recipe calls for 2/3 cup of milk.Slade wants to make 1/2 of the recipe.How much milk should Slade use? hua plots a new iron man adventure and carefully and skillfully imitates the art of marvel comics to create an authentic-looking iron man graphic novel. hua is not affiliated with the owners of the copyright to iron man. can hua publish the novel as his own work without infringing on the owners copyright? you are viewing the routing table and you see an entry 10.1.1.1/32. what legend code would you expect to see next to this route? the power-factor-correction circuit shapes the inductor current to appear as if a resistive load was connected at the output of the diode rectifier. A. true B. False if a person was told that organism a and organism b were involved in a mutualism-type relationship, but knew nothing about these two organisms, what could this person say? tubular reabsorption a. usually helps control blood ph by removing h from the filtrate b. eliminates wastes from the body c. returns 99% of the water filtered from the glomerulus to the blood d. occurs mostly in the distal convoluted tubule explain the differences between western boundary currents, such as gulf stream, and eastern boundary currents,such as california current, with respect to: (a) where they come from (low or high latitude); (b) the temperature of the water they transport (warm water/cold water); (c) their effect on coastal climate (do they make it warm and humid or cold and dry?); (d) presence or absence of upwelling? (2 pts). an [ select ] reaction is a bimolecular substitution reaction. bimolecular means that two different compounds are important for determine the rate (kinetics), they are the comsc 260 fall 2022 programming assignment 9 worth 12.5 points (1.25% of your grade) due: sunday, 11/13/22 by 11:59 p.m. on canvas late pass deadline: sunday, 11/20/22 by 11:59 p.m. on canvas START by downloading the 260 assign11.asm file from Canvas NOTE: Your submission for this assignment should be a single .asm file and a single .pdf file. The following naming convention should be used for naming your files: firstname_lastname_260_assign11.asm and firstname_lastname_260_assign11.pdf. The pdf file that you submit should contain the screenshots of your sample runs of the program (see below). For example, if your first name is "James" and your last name is "Smith", then your files should be named James_Smith_260_assign11.asm and James_Smith_260_assign11.pdf. Comments - worth 1.25 points (10%) of your programming assignment grade: Your program should have at least ten (10) different detailed comments explaining the different parts of your program. Each individual comment should be, at a minimum, a short sentence explaining a particular part of your code. You should make each comment as detailed as necessary to fully explain your code. You should also number each of your comments (i.e., comment 1, comment 2, etc.). NOTE: My comments do NOT count towards the ten comments! Sample Runs - worth 1.25 points (10%) of your programming assignment grade: You should submit screenshots of at least five (5) different sample runs of your program. Each sample run needs to use a different input for register EAX, and your sample runs should NOT be the same as the sample runs that are used in this write-up for the assignment. You should also number each of your sample runs (i.e., sample run 1 , sample run 2, etc.). All of your sample runs should follow this format - for each individual sample run, screenshot (1) the value placed into register EAX at the beginning of the program and (2) the value in the letter_grade variable at the end of the program. For example: (1) IMPORTANT NOTE: In this class (for this assignment and ANY other assignment) the high-level directives from section 6.7 of chapter 6 are NOT allowed to be used under any circumstances. This means things such as .if, .else, .repeat, .while, etc. must NOT be used in this assignment, or any other assignment in this class. Use of these high-level directives would make the assignments too easy, so they are NOT allowed for this reason. When your program needs to make decisions, it needs to do so using the conditional jump instructions that we are learning about in class. OK: conditional jump instructions such as je, jne, jecxz, ja jnae, jg jcxz, jp, jnp, jb, jnbe, jp, jz, js, etc. NOT OK: High-level directives such as .if, .while, .else, .repeat, etc. (do NOT use anything from section 6.7 of chapter 6 in any of your assignments!!!) For your programming assignment you will be implementing the following procedure: *The grading scale could be changed at any time by changing the A_grade, B_grade, C_grade, and D_grade constants in the program. The program should still work correctly even if these constants were changed in the future. The idea is that in main, a number between 0100 will be placed in register eax. Then, main will call the calculate_grade procedure. The calculate_grade procedure will determine the letter grade based on the value in eax, and then move the letter grade ('') into the letter_grade variable in the data segment. For example, if value in eax is 92 , then ' A ' should be moved into letter_grade. If the value in eax is 74 , then 'C ' should be moved into letter_grade, and so on. Sample run 1: Initial state-BEFORE calling calculate_grade ( 90 is placed into eax) Final state - AFTER calling calculate_grade ('A' is placed into letter_grade because eax is 90) Sample run 2: Initial state - BEFORE calling calculate_grade ( 82 is placed into eax) Final state - AFTER calling calculate_grade ('B the author uses a simile (a comparison using like or as) to compare siddharthas life to a certain object. what is that simile? how is this object like siddharthas life? population density is found by dividing the number of organisms in an ecosystem by the total area of the ecosystem. if 50 square meters of an ecosystem are surveyed and 5 rabbits are sighted, what is the estimated population density of the rabbits? Enter an IFS statement to provide the certification grade based upon score (use the There are 12 boys and 18 girls in Mr. Spano'smath class. If he randomly calls on threestudents for answers to an assignment, whats the probability that all three are girls?Assume he does not call on the sametudent more than once. Which type of hard stabilization increases beach erosion? choose all that apply. Which domestic policies most affect national security? choose two correct answers. in long-run competitive equilibrium, the market equilibrium price equals group of answer choices marginal cost. the minimum point of the average total cost curve. long-run average total cost. a and c a, b, and c a 44-year-old woman comes to the clinic complaining of severe dry skin in the area over her right nipple. she denies any trauma to the area. she noticed the skin change during a self-breast examination 2 months ago. she also admits that she had felt a lump under the nipple but kept putting off making an appointment. she does admit to 6 months of fatigue but no weight loss, weight gain, fever, or night sweats. her past medical history is significant for hypothyroidism. she does not have a history of eczema or allergies. she denies any tobacco, alcohol, or drug use. examination shows a middle-aged woman appearing her stated age. inspection of her right breast reveals a scaly eczema-like crust around her nipple. underneath a nontender 2-cm mass is palpable. the axilla contains only soft moveable nodes. the left breast examination and axilla are unremarkable. what visible skin change of the breast does she have? what causes the great salt lake to be salty What is the slope of a line parallel to a line whose equation is 10x+12y=-120