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).
Determine your maximum contribution. Take into consideration the standard limits on contributions as well as how much you can afford. 1  Through 2014, the limit for contributions to a Roth IRA is $5,500 if youâre younger than 50 years old. 2  If you are 50 years old or older, the annual limit is $6,500. Keep in mind that you cannot add more money to a Roth IRA than you made during the year. 2  For example, if you make $4,000 this year, you canât contribute more than $4,000 to the account for the year.