Personal Finance Questions and Answers

Can a married couple have more than one IRA?




Answers: IRAs are INDIVIDUAL accounts. You can have a hundred IRA accounts, but your total annual contribution is limited by the standard rules - it doesn't matter how many accounts you park the money in.
You can have as many IRAs as you want.

Good luck.
Yeah, as many as you want. I got two.

The limit is how much you can contribute per year which is based on income. Typically, it is twice for a married couple that for a single so marriage really makes no difference.

How to catch the money on my paypal side into legitimate change?

I have a voluminous sum of money on my paypal account, but I inevitability to know how to get that into bread.


Answers: i think you distribute them your credit card, and they put it on there.
register a checking report with your paypal details and then withdrawl the money into your sketch and within resembling 48 hours it will be in your guard

Which accounts typically enjoy credit balance?

a)Revenues, liabilities, and assets.

b)Revenues, liability, and retained earnings.

c)Revenues, liability, and dividends.

d)Revenues, liabilities, and expenses.


Answers: From the grill setup, you already know that "revenues" and "Liabilities" normally own CR balances.

The answer is (B) "Retained Earnings".

If you didn't already own the answer memorized, you might use the process of elimination by thinking of the flow of dosh:
when you use CASH to pay for an asset, dividend, or an expense, you CREDIT lolly, and you DEBIT the asset, expense, or dividend account. (You don't use currency directly in association near the "retained earnings" account). So it is normal to Debit an asset, expense or dividend. Therefore the answer is "retained earnings".

The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com