Asked in US Navy History and Traditions
US Navy History and Traditions
What Antebellum Navy leader earned the title Pathfinder of the Seas for his contribution to ocean science?
Asked in Martin Luther King, Jr.
Alfred wegener earned his doctorate in what subject?
Asked in Bachelor of Science BSc
John R Cooper was a chemist that earned a bachelor of science from what university and in what year?
Is there a way to tell which of your contributions were recommended and earned you trust points?
Asked in Income Taxes, IRA Plans
Does severance pay count as earned income in making a contribution to a traditional IRA?
Asked in IRA Plans
Does a person have to have earned income to contribute to a Roth IRA?
Generally speaking, you do need to have earned income in order to contribute to either a traditional or a Roth IRA. There are a few unusual ways to generate that income that doesn't necessarily require that you have a job, though. I've listed four ways you can do this below: If your income is solely from exercising non-qualified stock options. When you exercise a non-qualified stock option, the taxable component of the option exercise is considered taxable income, and therefore is eligible for contribution to an IRA. Alimony. If you receive alimony, it is taxable as ordinary income, which is eligible for IRA contribution. Scholarships and Fellowships - if these are taxable, reported in box 1 of a W2 form, they're eligible for contribution to an IRA. Spousal contribution. If your spouse has earned income (and you have none or not enough to make a maximum contribution), you are eligible to make an IRA contribution based on your spouse's income. The limit is that the total of all IRA contributions (yours and your spouse's) cannot exceed the earned income of the working spouse.
Asked in Retirement Planning, Social Security
What is the most to pay into social security in a year?
Is your IRA contribution limited to your earned income?
Yes if your earned income is less than the maximum contribution limit for the tax year in question. General Limit For 2009, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts: $5,000 ($6,000 if you are age 50 or older), or Your taxable compensation (defined earlier) for the year. THANKS for the answer--Mike
Asked in US Presidents
How many of the first 43 U S presidents had earned PhDs?
Asked in Rhinoceroses, Tigers, Forests
What is some biographical information on Craig Barrett?
Does one have to pay taxes in the interest earned on after tax contribution to a traditional IRA account?
What percentage of gross income is withheld as an employees contribution to Medicare?
Asked in Job Interviews
Why did you study computer science?
Asked in College Degrees, General Electric
Where did Jack Welch go to college?
Is there some computational exams that will be appear after bachelor of computer science?