Answer: Ordinary income tax on earnings exceeding basis.
Explanation:
From the question, we are informed that a 60-year-old customer purchases a nonqualified variable annuity and withdraws some of her funds before the contract is annuitized.
The consequences of this action is that Ordinary income tax on earnings exceeding basis. It should be note that the distributions from a nonqualified plan had to do with return on original investment and income from the investment. Since there's defer of the income, it'll be taxable as an ordinary income.
Answer:
In law, a corporation is regarded as an individual person but this does not give a corporation the the right of religion as it is not a natural person.
A corporation in its internal culture may however promote a religion in a non oppressive and a non intimidating way but cannot force anyone to adhere to a certain religion.
Explanation:
Answer:
The name of the document is Curriculum Vitae.
Explanation:
Curriculum Vitae (CV) is a document that provides detail information about an individual's educational and work history. In this document, you list the qualifications to apply for employment.
There are no fixed rules on the length and content of a C.V. Generally it follows the next structure. Begin with your contact information, such as your complete name, address, telephone number, and email address. You must also indicate your area or areas of academic interest. It should include a personal profile, career objective, and professional profile, it’s a short paragraph giving prospective employers an overview of who you are and what you’re all about.
Focus on your experience and educational background, for example, schools attended and degrees earned, your CV should include a comprehensive account of your academic history.
You can add sections like key skills, hobbies, interests, and references.
Answer:
$20,700 ordinary loss
Explanation:
Based on the information given if the first Operating assets generated a gain of the amount of $38,700 while the second assets generated a loss of the amount of $59,400 after been sold out which indicate or means that Hugo should recognize the amount of $20,700 ORDINARY LOSS which is calculated as :
Ordinary loss =-$59,400+$38,700
Ordinary loss =-$20,700
Therefore As a result of these sales, Hugo should recognize:$20,700 ORDINARY LOSS
Contract manufacturing is a popular method used by many companies to outsource the production of goods including clothing, footwear, and mobile phones. A foreign firm is hired to produce and private-label the goods since the pricing is much lower than the local company could charge in its home market.
<h3>What is mobile phones?</h3>
A portable telephone that can make and receive calls over a radio frequency link while the user is moving within a telephone service area is known as a mobile phone. These terms are sometimes abbreviated to simply mobile, cell, or just phone. A mobile phone operator's switching systems are connected via the radio frequency link, granting access to the public switched telephone network (PSTN). Mobile phones are known as cellular telephones or cell phones in North America because modern mobile telephone services utilize a cellular network design.
To learn more about mobile phones from the given link:
brainly.com/question/28050612
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