Team members should include personnel with technical/applications knowledge of the product or service to be purchased, as well as members of the department that uses the purchased item. Common supplier selection criteria: Previous experience and past performance with the product/service to be purchased.
Whether or not you can make the maximum Roth IRA contribution ($5,500 annually, or $6,500 if you're age 50 or older) depends on your tax filing status and your modified adjusted gross income (MAGI).
The maximum contribution for 2016 is $5,500 (or $6,500 if youâre 50 or older by the end of the year). This dollar limit on annual contributions applies to total IRA contributions (including deemed traditional IRA and Roth IRA set up by an employer as a separate account under a qualified retirement plan).