_____ 15 a Single Employee Who Is Not Covered by an an Employer's

question 86

True/False

_____ 15. A single employee who is not covered by an employer's retirement plan may always contribute at least $5,000 of earned income to his or her IRA.

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Definitions:

Earnings Per Share

A company's profit divided by the outstanding shares of its common stock, indicating the company's profitability.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life.

Fixed Assets

Long-term tangible assets used in the operations of a business, not expected to be converted to cash within a year.

Net Investment

The total amount of money spent on capital assets, such as buildings and machinery, minus any depreciation.