What is maximum contribution Eric can make to an IRA

Assignment Help Financial Management

Reference no: EM131556805

Eric, age 53, had the following items of income in 2017"

- Investment returns as a limited partner in a partnership of $1,200

- Unemployment compensation of $350

- Income from a law practice of $600

- Deferred compensation from a former employer of $14,000

- Alimony of $750

- Wages of $1,000

What is the maximum contribution Eric can make to an IRA in 2017?

a) $2,350

b) $2,700

c) $5,500

d) $17,900

Reference no: EM131556805

Questions Cloud

Calculate debt-to-capital ratio-times-interest-earned ratio : Calculate the debt-to-capital ratio and the times-interest-earned (TIE) ratio at the expected sales level under each alternative.

Customer of pizza pizza : Assume you are a customer of pizza pizza Do you view the company from a "functional" perspective? Or a "process" perspective? Why?

Applying for a management trainee position : Suppose that you give all candidates applying for a management trainee position a personality test that measures the five dimensions in the five-factor model.

Find the sales of the company in the fifth year : SALES GROWTH Metro Cable TV had sales of $2,500,000 in its first year of operation. If thereafter the sales increased by 12% of the previous year.

What is maximum contribution Eric can make to an IRA : What is the maximum contribution Eric can make to an IRA in 2017?

What would be the present salary of a union member : COLAS Suppose the cost-of-living index had increased by 3% during each of the past 6 yr and that a member of the EUW Union had been guaranteed an annual.

Compare management issues associated with data management : Compare the management issues associated with traditional data management and with big data management. Include data warehousing and Hadoop in your discussion.

Critical success factors for project management : Your textbook includes a section on Critical Success Factors for Project Management. These success factors are referred to as a Project Implementation Profile.

Common stock is usually more difficult to value : A common stock is usually more difficult to value than a bond for the following reasons:

User Account

All Pages