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Tema [17]
1 year ago
12

Beneficiary election for a taxable account is ___________________ at account opening and it is formally called _________________

_____.
Business
1 answer:
andre [41]1 year ago
7 0

Beneficiary election for a taxable account isn't automatic; at account opening and it is formally called Transfer on Death Instructions

Who is an eligible designated beneficiary?

Any of the following individuals are considered an eligible designated beneficiary (EDB): a surviving spouse, a disabled or chronically ill individual, a private who is not more than 10 years younger than the IRA owner, or a toddler of the IRA owner who has not reached the age of majority.

Who you ought to never name as your beneficiary?

Minors, disabled people and, in certain cases, your estate or spouse. Avoid leaving assets to minors outright. If you do, a court will appoint someone to seem after the funds, a cumbersome and sometimes expensive process.

What happens if no beneficiary is known as on bank account?

If a bank account has no joint owner or designated beneficiary, it'll likely have to go through probate. The account funds will then be distributed—after all creditors of the estate are paid off—according to the terms of the desire .

Learn more about beneficiary account :

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Three critical activities occur during group socialization that affect the productivity of teams, and they are:
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5 0
3 years ago
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
Llana [10]

Answer:

3.69

Explanation:

We know,

The productivity in sales revenue/labor expense = \frac{sales revenue}{labor expense}

Given,

Sales revenue = Units sold × Sale price per unit

Sales revenue = 1,217 units × $1,700

Sales revenue = $2,068,900

labor expense = Total labor hours × wage rate per hour

labor expense = 46,672 × $12

labor expense = $560,064

Putting the values into the formula, We can get,

The productivity in sales revenue/labor expense =  \frac{2,068,900}{560,064}

The productivity in sales revenue/labor expense = 3.69

5 0
3 years ago
All of the following are tests for determining qualifying child status except the ______.A. gross income testB. age testC. suppo
Viktor [21]

Answer:

a. gross income test

Explanation:

because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.

4 0
3 years ago
How many free credit reports are you legally entitled to each year
Leokris [45]
<span>One from each credit bureau per year, so in total three per year.</span>
8 0
3 years ago
Java Jane's first coffeehouse was very successful due to the unique flavors, on-site baked goods, and inviting ambiance. The own
Basile [38]

Answer:

A contractual marketing system

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They are also known as value-added partnerships since they work hand in hand to create value for other entities that are involved

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3 years ago
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