Brandon, age 26, is a self-employed plumber. one month ago, brandon hired his brother, age 20, to in the business. brandon wants to accumulate a retirement fund and decides to adopt a keogh plan to fund his retirement. brandon's net earnings (after certain adjustments) are $80,000. a. what is the maximum tax-deductible contribution brandon can make to the keogh plan?

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

What is difference between fiscal year and tax year? explain in the simplest way.