The tax consequences of Natalie's withdrawal from the spousal RRSP will depend on several factors, including her income level and tax bracket, as well as the timing and amount of her contributions and withdrawals.
Assuming that Natalie has no other income and is in the lowest tax bracket, her tax liability for the withdrawal would be as follows:
- For the $4,000 contribution made in 2018, Ivan would be entitled to claim a spousal RRSP deduction on his tax return for that year, reducing his taxable income by $4,000. Natalie would be taxed on the full amount of the withdrawal, but would not be subject to any withholding tax. Her tax liability for the withdrawal would be approximately $1,500, assuming a federal tax rate of 15% and a provincial tax rate of 5%.
- For the $4,500 contribution made in 2019, Ivan would again be entitled to claim a spousal RRSP deduction on his tax return for that year, reducing his taxable income by $4,500. Natalie would be taxed on the full amount of the withdrawal, but would not be subject to any withholding tax. Her tax liability for the withdrawal would be approximately $1,950, assuming a federal tax rate of 20% and a provincial tax rate of 5%.
- For the $5,000 contribution made in 2020, Ivan would be entitled to claim a spousal RRSP deduction on his tax return for that year, reducing his taxable income by $5,000. However, because the contribution was made in the same calendar year as the withdrawal, the contribution may be subject to the "3-year rule" under the Income Tax Act. This rule states that contributions made to a spousal RRSP within the same calendar year as a withdrawal from that RRSP may be attributed back to the contributing spouse for tax purposes. If the contributions are attributed back to Ivan, he would not be able to claim the spousal RRSP deduction for that year, and Natalie would be taxed on the full amount of the withdrawal. Her tax liability would be approximately $2,850, assuming a federal tax rate of 29% and a provincial tax rate of 5%.
It's important to note that these calculations are based on a number of assumptions, and that the tax consequences of RRSP contributions and withdrawals can vary widely depending on individual circumstances. It's always a good idea to consult a tax professional for personalized advice.
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If a firm increases all of its inputs by 10 percent and its output increases by 9 percent, then
a. it is encountering constant returns to scale,
b. it is encountering economies of scale.
c. it is encountering diseconomies of scale
d. it is encountering constant returns to scale.
e. the firm's long-run ATC curve will be falling.
It is encountering constant returns to scale. Constant returns to scale occur when the percentage increase in inputs is equal to the percentage increase in output.
What is percentage increase?Percentage increase is a way of expressing a change in a value in terms of the original value. It is calculated by subtracting the original value from the new value and then dividing the result by the original value. Finally, it is multiplied by 100 to get the percentage change. For example, if the price of a product increases from $20 to $30, the percentage increase is 50%. This is calculated by subtracting $20 from $30 and then dividing the result by $20. The result of this calculation is 0.5 and multiplying it by 100 gives us 50%.
In this case, the 10 percent increase in inputs is equal to the 9 percent increase in output, so the firm is experiencing constant returns to scale.
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How did the relationship between Parliament and the Restoration monarchs, Charles II and James II, change following the English Civil War? The monarchs respected Parliament’s limits on their power. The monarchs succeeded in increasing their power at the expense of Parliament. The monarchs continued to challenge Parliament's authority. The monarchs generally deferred to Parliament when there was a disagreement.
Answer:
The monarchs continued to challenge Parliament's authority.
Explanation:
Following the English Civil War, tensions between the monarchs and Parliament began to grow. Queen Elizabeth did not leave any heir, therefore, James I began the Stuart Dynasty. James I believed in Divine Rule, which was in oppose of Queen Elizabeth's rule who worked with Parliament.
After the English Civil War, the monarchs continues to challenge Parliament's authority. During Restoration monarchs, Charles II and James II, Parliament and monarchs were in conflict with each other.
Therefore, option C is correct.
Answer:
The monarchs continued to challenge Parliament's authority.
Explanation:
Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 6 percent.
Six months later, the stock’s current price is $38 per share. If Nathan sells now, he will pay a commission of $160 and will have to repay the loan. If he sells now, he will lose $ __.00
If Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.
What is buying on margin?Buying on margin is a situation when an investor buys an asset by borrowing the balance from the brokerage firm.
With buying on margin, the investor pays part of the investment cost while the remaining is met by the broker.
Data and Calculations:Cost of 200 shares at $40 per share = $8,000
Investor's cash = $5,000
Margin purchase = $3,000
Interest rate = 6%
Interest amount = $90 ($3,000 x 6% x 1/2)
Commission = $160
Total amount spent = $8,250 ($8,000 + $90 + $160)
Total amount realized from sale = $7,600 ($38 x 200)
Loss from sale = $650 ($7,600 - $8,250)
Thus, if Nathan sells now, after paying a commission of $160 and margin account interest of $90, he will lose $650.
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The indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
question 8 options:
true
false
It is a true statement that an indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
What is an negative messages?This refers to a kind of letter, memo, news that conveys negative information which will likely to disappoint, upset or anger the reader, listener etc
However, the indirect approach of organizing these negative messages opens with the reasons behind the bad news before presenting the bad news itself.
Therefore, it is a true statement.
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what basis do you use to decide when to spend money in your everyday life, and do you think your decisions are always well thought out?
1) First, consider what is important to you and whether you have given it adequate funding. Many people immediately consider travel as one of their retirement interests. For some, the most important thing is to see friends and family as often as possible. It's difficult to forget the elderly uncles and aunts who make the effort to attend every family wedding or ceremony. If you want to travel, spend money on plane tickets, hotel reservations, and other expenses.
2) Second, unless you are willing to devote time, energy, and resources to your hobby, you may not be serious about it. If music is your passion and you believe you need to learn it formally, enrol in classes and take it seriously as a student. If you enjoy photography, invest in a good camera and lenses and do what it takes to pursue it seriously. If you believe you will pursue a new activity in retirement, set a reasonable budget for it and enjoy it.
3) Third, if there are expenses you've put off your entire life and now have the money to spend, bring them back to the table. Purchasing books that you enjoy reading, dining out to try new cuisines, attending exhibitions, shows, and concerts that interest you, or purchasing clothing and jewelry that you denied yourself during your saving days can all be financed if you have the money.
4) Fourth, think about allocating money to expenses that will improve your comfort. You might want to invest in a comfortable reading chair, a back-supporting couch, a higher-quality bed, blanket, or pillows, and other small items that will improve your comfort. You might want to hire a cab instead of taking public transportation; fly instead of taking the train; and so on. These may seem insignificant, but I have many elderly friends who will continue to pinch back on their own comfort from their frugality habit even when it is no longer necessary.
5) Fifth, if you believe you have more than you need, practise giving it away. Many people could make good use of that money. You may have made a difference in another person's life if you paid a hospital bill, a tuition fee, a coaching class fee, or if you purchased life-sustaining medicine or equipment, or even if you provided clothing, footwear, and other basic necessities. Donate to charities that work on issues that are important to you. Support your vegetable vendor, security guard, liftmen, cooks and cleaning staff, drivers, and others if you can be generous with them.
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3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very high interest rate. Why do you think the bank is charging her a high interest rate? A low amount of credit left B. good payment history OC. bad payment history OD. high number of bank accounts
Answer:
C. bad payment history
Explanation:
Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.
A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.
Read the statements below. Select "L" if the statement describes the Linux OS. Select "M" if the statement describes the Mac OS. Select "W" if the statement describes the Windows OS.
L - Linux
M - Mac
W - Windows
___code can be modified by users
____customer service provided by volunteers
___introduced the first GUI
___open source
____used by the majority of businesses
_____widely used in artistic fields
All the above statements describe Linux OS.
"Code can be modified by users" refers to the open-source nature of Linux."Customer service provided by volunteers" can be interpreted as a reference to the community-driven support for Linux."Introduced the first GUI" is not accurate, as the first GUI was actually introduced by Xerox PARC, but Linux certainly played a role in popularizing the use of GUIs in computing."Open source" refers to the fact that Linux's source code is freely available for users to view, modify, and distribute.
Logistics means creating an efficient assembly line.
A.
True
B.
False
Answer:
False
Explanation:
The answer is false.
The answer is B. False. This is false but kind of true considering an assembly line is complex and moving supplies. Logistics deals with how things get to their destination, are stored, or are collected. Anyways it is False
which of the following is a primary authority on which to base research conclusions? group of answer choices an editorial explanation in a commercial tax service textbook used in this class a treatise written by a tax attorney and published in a legal journal a treasury regulation
A treasury regulation is a primary authority on which to base research conclusions.
Research is "creative and systematic work undertaken to growth the inventory of understanding". It involves the impartial series, company and analysis of statistics to increase expertise of a subject or issue. A studies assignment can be an expansion on beyond paintings inside the area.
Studies is a system of systematic inquiry that involves collection of facts; documentation of crucial facts; and evaluation and interpretation of that statistics/statistics, in accordance with suitable methodologies set by means of particular professional fields and educational disciplines.
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"Success or failure of any Industry depends on the management of human resources." Explain it with examples.
Answer
Human resource management is viewed as a significant administration movement by numerous bigger partnerships, not just a "workforce" division as it was viewed a few decades prior. Without a powerful human asset supervisory group, huge organizations today would track down it troublesome in the event that not difficult to staff, train and foster those specialists who basically make up the organization and add to its progress in the business climate. Without the ideal individuals, no business will prosper and develop to become one that stands separated from the competitors. Strategic the board, preparing and improvement, modern relations, and hierarchical ways of behaving are only a couple of the viewpoints that fall under human asset the executives today.
Explanation:
The management of human resources determines whether an industry succeeds or fails. Management of human resources is crucial to the operation of an industry. Managers of human resources plan, organize, and oversee an organization's administrative operations.
What is Human Resource Management?
The administrative tasks of an organization are planned, coordinated, and led by human resources managers. They supervise the hiring, interviewing, and onboarding of new employees, and assist chief executives with strategic planning.
The Master's Program in People Management and Organizational Development equips students with the in-depth knowledge, teamwork, analytical, and communication abilities necessary to support firms in successfully and sustainably expanding their operations.
In a workplace and organizational environment that is continually evolving, the curriculum provides students with the most recent information in people management and organizational development.
Thus, it is important for the student working as a human resource to come from that specific field.
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People must make choices among available options because people
(A) are irrational
(B) have limited wants
(C) have limited resources
(D) are not provided goods by the government
(E) do not receive positive benefits from consuming certain goods
Answer:
I Believe its E but im not sure...
Explanation:
Sorry if im wrong hope this helps!!
Kay's Bridal Shoppe has 4000 shares of common stock outstanding at a price of $13 a share it also has 500 shares of preferred stock outstanding at a price of $22 a share there are 50 bonds outstanding that have a semi-annual coupon payment of $25 the Bonds mature in 4 years have a face value of $1,000 and salt at 98% of par what is the capital structure weight of the common stock
Answer:
46.43 percent
Explanation:
the capital structure weight of the common stock= Common stock value/
Preferred stock value +Common stock value+debt value
To determine the common stock= price× total shares of common stock
=(4000 shares of common stock × $13 )
=$52000
Preferred stock value= ( 500 shares of preferred stock × outstanding price of $22)=$11000
50 bonds outstanding
We have Bonds which mature in 4 years have a face value of $1,000 and salt at 98% of par , then the
98% of 1000= 98/100 ×1000=$980
Debt incurred= 50 bonds outstanding×$980
=$49000
the capital structure weight of the common stock= Common stock value/
Preferred stock value +Common stock value+debt value
= $52,000/(49000+52,000 + 11000) ×100%
=46.43 percent
Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answer:
industry because here based the all the business in whole world
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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which career is likely to earn the high salary
Answer: Your welcome!
Explanation:
The career that is likely to earn the highest salary depends on a variety of factors, such as the individual's qualifications and experience, the industry they work in, and the specific job they hold. Generally, some of the highest-paying careers include doctors, lawyers, software engineers, and financial analysts. These careers usually require extensive education and training and can offer very high salaries. Other potential high-paying careers include investment bankers, business executives, and software developers.
true or false: one reason for the increased use of sales promotion by many consumer product companies is that there are fewer products competing for store shelf space.
This statement is false. The increased use of sales promotion by many consumer product companies is not due to fewer products competing for store shelf space, but rather due to several other factors such as:
Increased competition: With the rise of e-commerce and globalization, there is an increased competition in the marketplace, and companies are using sales promotions to differentiate themselves from their competitors.
Price sensitivity: Consumers are becoming more price-sensitive, and sales promotions are an effective way to attract and retain price-sensitive customers.
Declining brand loyalty: Consumers are less loyal to brands than they used to be, and sales promotions can be used to attract new customers and retain existing ones.
Increased advertising clutter: With the rise of digital media, consumers are exposed to a larger volume of advertising messages than ever before. Sales promotions can help break through the clutter and get the attention of consumers.
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the successful resolution of developmental tasks for the school age child
During the school age years, children go through various developmental tasks that help them build a foundation for their future. The successful resolution of these tasks can lead to positive outcomes in their cognitive, social, emotional, and physical development. Here are some of the developmental tasks for school age children and how they can be successfully resolved:
1. Developing a sense of industry: This task is about developing a sense of competence and accomplishment in activities such as learning new skills, completing tasks, and achieving goals. Parents and teachers can support this by providing opportunities for children to develop their interests and skills, setting realistic goals, and praising their efforts and progress.
2. Developing social skills: School age children start to form closer friendships and relationships outside their family. They learn social rules, empathy, and communication skills. Parents and caregivers can encourage this by arranging playdates, teaching conflict resolution strategies, and modeling positive social behaviors.
3. Building self-esteem: Self-esteem refers to how children feel about themselves. It is important for children to have a positive sense of self-worth. Parents and caregivers can help by acknowledging and praising their child's strengths and abilities, encouraging healthy risk-taking, and avoiding overly critical or negative comments.
4. Developing moral values: Children begin to understand the difference between right and wrong and develop a sense of fairness and justice. Parents and caregivers can promote this by teaching ethical behavior, discussing moral dilemmas, and modeling honesty, respect, and responsibility.
5. Strengthening independence: School age children become more independent, taking on responsibilities such as homework and chores. Parents and caregivers can support their child's independence by giving them age-appropriate tasks, encouraging decision-making, and respecting their opinions and ideas.
Successful resolution of these developmental tasks leads to increased confidence, resilience, and readiness for the challenges of adolescence and adulthood.
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F. What effect does a low unemployment rate have on business? what effect does a high unemployment rate have on business?
Answer:reduces the productivity of the company as a whole<3
Explanation:
It comes when there's an increase demand for labor because of low unemployment. With less people available for work, employers have to increase their wages to find, and keep, employees. This can cause some organizations to settle for less-talented workers, which again reduces the productivity of the company as a whole
The effect of low unemployment rate on business is that the productivity of business will fall, and the effect of high unemployment rate on business is that the productivity of business will raise.
What is unemployment rate?The unemployment rate refers to the state of being unemployed. The unemployment rate is derived by dividing the total number of people in the labor force by the number of people who are jobless.
The labor force is the total number of people who are employed and unemployed. A low unemployment rate has the impact of lowering business productivity, whereas a high unemployment rate has the effect of increasing business productivity.
Therefore, the unemployment rate is defined as the state of being unemployed.
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Google is known for unusual interview questions. Explain what advantages might these have over more traditional questions about education and experience?
It is Eliza’s first year at a company. The dress code says that women need to wear closed-toed shoes. However, it is summer and Eliza has noticed that many women, even some who are supervisors, are coming in wearing sandals. She would like to wear sandals too. What should she do?
Jonas and Jameela work at the same company but in completely different departments. Their company has a policy that employees can date as long as neither in the relationship is in a supervisor position over the other. Jameela has been asked to manage a project and just found out that Jonas will be on the team that she is managing. What is the ethical thing to do in this circumstance?
Imagine that you were tasked with writing the promotions section of an employee handbook. What factors would you use to determine eligibility? How would you make sure that the process was fair?
Imagine that you have been assigned to work with a group of people that you have not met. The leader asks that everyone share their strengths and weaknesses with the group so that she can consider how to delegate tasks. What would you say about yourself and why? How might these strength and weaknesses shape your role in the group?
Answer:
1. those advantages could be very dangerous. someone could've hacked the system or anything & they're trying to get your information.
2. eliza should check in with her manager/boss and ask if it's ok for her to wear sandals.. just to be on the safe side.
3. jameela and jonas need to set some standards in their "relationship" because what they have going on can cause both of their jobs.
4. i would make sure that the promotions are fair, and not giving people promotions because i know them or anything, i'm gonna make sure that they've worked hard for it.
5. by telling these people my strengths & my weakness would cause less problems. there could be some things that i like and they don't like and we can make sure to never reach that point, because it's gonna cause a lot of trouble. explaining yourself or telling more about yourself could really help others get you.. that way you don't have to be rude to people when they say something you don't like or do something you don't like.
Explanation:
i hope this helped you!
A coffee company lowers the price of its one-pound bags of coffee from $10 to $9 and as a result, quantity demanded increases from 4 million to 5 million units. Assuming the company's demand curve is linear, what is the slope of the demand curve
The slope of the demand curve for the coffee company can be calculated by using the formula: slope = (change in quantity demanded) / (change in price). In this case, the change in quantity demanded is 1 million units (from 4 million to 5 million), and the change in price is $1 (from $10 to $9). Therefore, the slope of the demand curve is 1 million units per dollar.
To calculate the slope of the demand curve, we need to determine the change in quantity demanded divided by the change in price. In this scenario, the change in quantity demanded is 1 million units (5 million - 4 million), and the change in price is $1 ($9 - $10). By dividing the change in quantity demanded (1 million units) by the change in price ($1), we find that the slope of the demand curve is 1 million units per dollar. This means that for every $1 decrease in price, the quantity demanded increases by 1 million units.
A linear demand curve implies a constant slope, indicating that the relationship between price and quantity demanded is consistent. In this case, the coffee company experiences an elastic demand, as the decrease in price leads to a proportionately larger increase in quantity demanded.
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The accounts that appear on the post-closing trial balance are.
The accounts that appear on the post-closing trial balance are only the permanent accounts, which include assets, liabilities, and equity accounts.
The temporary accounts such as revenue, expense, and dividend accounts are closed out and their balances are transferred to the retained earnings account. This process ensures that the financial statements reflect only the current status of the company's financial position.
Therefore, The accounts that appear on the post-closing trial balance are permanent accounts, which include assets, liabilities, and equity accounts. These accounts are not closed at the end of an accounting period and carry their balances forward to the next period.
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Fill in the blank. it would be possible to determine the ppp exchange rate that would exist if markets were efficient by comparing ___. multiple choice question.
The correct answer is option B) To determine the PPP exchange rate that would exist if markets were efficient in comparing the prices of traded goods and services.
The exchange rate between two currencies that offers each one the same purchasing power in various nations is known as the Purchasing Power Parity (PPP) exchange rate.
A unit of one currency should be able to purchase the same quantity of products and services in many nations in an efficient market, according to this theory.
This implies that the ratio of the prices of a basket of goods and services in each country should be the same as the exchange rate between two currencies.
We can determine the PPP exchange rate that should exist if markets are efficient by comparing the costs of similar goods and services in two different countries.
Complete Question:
Which of the following would be possible to determine the PPP exchange rate that would exist if markets were efficient?
A) Comparing the current exchange rate
B) Comparing the prices of traded goods and services
C) Comparing the inflation rates of two countries
D) Comparing the economic growth rates of two countries
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If income summary has a $13,500 debit balance before it is closed to the capital account, the company
Answer and Explanation:
In the case when the company has the debit balance of the income summary account so there should be the net loss as the net loss have the debit balance while the credit balance net profit of the company
So
Since there is the debit balance of the income summary that means there is a net loss
So the same would be considered
What safety device should be worn when there is danger of fragments being thrown?
Answer:
gloves i think
Explanation:
How long after irs accepts tax return is it deposited.
Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:
Answer:
Derived Demand
Explanation:
Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.
In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.
As a result, the sales for Indie Fabric will also decrease.
This is an example of Derived Demand.
suppose that in a closed economy gdp is equal to 11,000, taxes are equal to 1,000, consumption equals 7,500, and government purchases equal 2,000. what is national saving?
National savings are equal to 1500.
A nation with a closed economy is one that doesn't engage in international trade and produces all of its own commodities and services. Today, closed economies are essentially nonexistent, while some nations are closer to having one than others.
In the Closed Economy, GDP has three components. Which are:
Consumer (C) is the sum of final household consumption spending and final charitable, social, and club spending.
Investment (I) is equal to the sum of commercial, household, and inventory investments.
Government Purchases (G) equals the sum of general government investment and consumption.
Investment can be written as savings.
We have been given Y as 11,000, G as 2000, C as 7500
Y = C + S + G
11,000 = 7500 + S + 2000
S = 11000 - 9500
S = 1500
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Of every 500,000 jobs in the U.S., the approximate number of those through international firms are _____.
Answer:
90,000
Explanation:
Managing proactively instead of reactively is an example of which of the following?
Regrouping
A passive response
Better projection
Good macromanagement
Answer:
good macromanagement
Explanation:
Answer:
Good macromanagement
Explanation:
textbook
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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