What effect would ira contribution have on julie

Assignment Help Financial Accounting

Reference no: EM13140356

Julie is a student and earns $9000 working part-time at the college ice cream shop in 2011. she has no other income. her medical expenses for the year totaled $2,700.During the year, she suffered a casualty loss of $3,500 when her apartment hurned. Julie contributed $1,950 to her church. Onthe advice of her parents, Julie is trying to decide whether to contribute $1,000 to the traditional IRA her parents have set up for her. what effect would the IRA contribution have on Julie's itemized deductions?

Reference no: EM13140356

Questions Cloud

Find the molar mass of sample : a sample of a gas has a mass og 0.311g. its volume is 0.225 L at a temperature of 55 degrees C and a pressure of 886 mmHg. find its molar mass

Find onfidence interval estimate of the population mean : Find the 90% confidence interval estimate of the population mean. Interpret the interval estimate. 79 43 58 66 101 63 79 33 58 71 60 101 74 55 88.

Straight-line method used to amortizing bond discount : Upton Company issues $3 million, 10-year, 6% bonds at 99, with interest payable on December 31. The straight-line method is used to amortize bond discount.

What is the pressure of n2 : N2 is .070 moles, O2 is 0.35 moles and CO2 is 0.20 moles, the total is pressure 1.55 atm what is the pressure of N2?

What effect would ira contribution have on julie : Julie is trying to decide whether to contribute $1,000 to the traditional IRA her parents have set up for her. what effect would IRA contribution have on Julie's itemized deductions?

What percentage of students score more than other student : Mean of 950 and a standard deviation of 200. nancy bright's sat score was 1390. what percentage of students have scores more than nancy bright?

Explain legacy correspondent hosts and legacy applications : Mobile IP was intended to work with legacy correspondent hosts and legacy applications. However, some advantages may be gained if correspondent hosts are aware of mobility in certain ways.

How much is the amount of gross profit for year : If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?

What is the density of the liquid : a 26.0 ml sample of a liquid was found to have a mass of 13.0g. what is the density of the liquid?

User Account

All Pages