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  • Vendor : SAP
  • Certifications : SAP Certified Application Associate
  • Exam Name : SAP Certified Application Associate - Extended Warehouse Management with SAP S/4HANA
  • Exam Code : C_S4EWM_1909
  • Total Questions : 376 Q&As
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VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.
SKU: C_S4EWM_1909 Categories: ,

Description

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    George Geek is 30 years old, single, and earns $103,000 a year as a software engineer for a small, start- up IT company. George's company does not itself offer a retirement plan, and George is considering his options. The current contribution limits for both the traditional IRA and Roth IRA plans is the lesser of
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    B. George's contributions to a traditional IRA will be tax-deductible.
    C. Assuming that George can contribute to both the traditional IRA and the Roth IRA under the current income thresholds, he will be allowed to contribute $5,000 to each of the plans.
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    Answer: D
    Explanation:
    Explanation/Reference:
    Explanation: If George is 30 years old, single, and earns $103,000 as a software engineer for a company that does not offer a retirement plan, his combined contribution to a traditional IRA and a Roth IRA cannot exceed $5,000, assuming that he is eligible to contribute to both. Since George has no other retirement plan, he will be eligible to make tax-deductible contributions to a traditional IRA regardless of his income level. Contributions to a Roth IRA are never tax-deductible in any situation. (FYI: In 2010, a single taxpayer who earns less than $105,000 during the year is eligible to participate fully in a Roth IRA, but this number can change.)

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    Explanation/Reference:
    Explanation:

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    Explanation:

    Explanation

    References:
    https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/tasks/


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