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Eric, age 53, had the following items of income:
1. Investment returns as a limited partner in a partnership of $1,200.
2. Unemployment compensation of $350.
3. Income from a law practice of $600.
4. Deferred compensation from a former employer of $14,000.
5. Alimony of $750.
6. Wages of $1,000.
What is the maximum contribution Eric can make to an IRA in 2016?
(a) $2,350.
(b) $2,700.
(c) $5,500.
(d) $6,500.
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Prepare a pro forma income statement for the first twelve (12) months of your business. Include the assumptions on which it is based.
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What is the project's operating cash flow for the first year (t=1)?
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Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 10 years. If she works 22 years before retiring, how much money must she and her emplo..
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General Electric sold jet engines on credit to Air France and invoiced €10 million payable in six months. Currently, the six-month forward exchange rate is $1.25/€ and the foreign exchange advisor for General Electric predicts that the spot rate is l..
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