1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nexus9112 [7]
3 years ago
11

Jacque Solis (age 38) is leaving her current job and would like to take a long vacation before starting new employment. She has

$65,000 in a qualified plan that she would like to live on during this period. If she is in a 25 percent marginal tax bracket, how much will she have left after paying taxes and penalties?
Business
1 answer:
Montano1993 [528]3 years ago
7 0

Answer:

Jacque Solis will have $42250 left after paying taxes and penalties

Explanation:

given data

present age = 38

qualified plan = $65,000

marginal tax = 25 %

to find out

how much will she have left after paying taxes and penalties

solution

as here qualified plan is an employer sponsored retirement plan that qualifies for special tax treatment under Section 401 (a) of Internal Revenue Code

and tax for 25 % will be here as  

Tax 25% = $65,000 × 25%

tax = $16,250

and Penalties will be here for 10 % is  

Penalties 10% = $65,000 × 10%

Penalties = $6500

so  

Net available = $65,000 - $16,250 - $6500

Net available = $42250

so Jacque Solis will have $42250 left after paying taxes and penalties

You might be interested in
Explain AHIMA's data quality management model, including the domains it covers and the data characteristics
BlackZzzverrR [31]

Answer:

Data Quality management: AHIMA created this model for quality data management to support the need for true and accurate data. Patient care, patient outcomes, reimbursement, process...

Hope this helped :)

Explanation:

3 0
3 years ago
Capital controls may take a variety of forms​ EXCEPT: A. prohibitions B. currency boards C. taxes D. quotas
LekaFEV [45]

Answer: B. Currency Boards

Explanation: Capital control is a process through which Organisations put in place different actions and programs to regulate the capital used in the business. This can be in the form of prohibitions(a capital control by preventing certain spending)

Taxes are also means of controlling capital by Organisations.

Quotas are also used to control capital by assigning certain level of spending or investment.

4 0
3 years ago
Read 2 more answers
The amphibians have loose fitting skin. this helps them with which of the two major challenges for transition to land?
Varvara68 [4.7K]
The loose fitting skin is one of the defining characteristic of the amphibians in which the toad, frog and almost any other creature in between belong. Some of the many useful and sophisticated purpose of this are: (1) helping with respiration, (2) prevention of hydration loss, (3) easy locomotion. This enables the animals to easily adapt to the environment once it shifts to the land from the water bodies. 
4 0
3 years ago
Anthony’s rate of pay is $8.36 per hour. Last week, Anthony worked 33 hours, What is the gross pay for the week for Anthony?
velikii [3]
First to get the answer your self all you need to do is divide 7 in to how many hours then boom you got the answer
3 0
3 years ago
What is the objective of the last step in the ethical decision-making framework? Multiple Choice to brainstorm any alternative c
I am Lyosha [343]

Answer:

B. To weigh the various alternatives and choose a course of action

Explanation:

The major steps involved in a proper decision-making process include; Identifying the problem, understanding the problem by obtaining the necessary information, developing alternatives, choosing the best alternative that would address the ethical issue at hand, and implementing the best alternative.

The aim of the entire process of decision-making would be faulted if at the end, a course of action is not taken. The decision made at the end of the day, should address the initial concern raised. This decision would also need to be reviewed to ensure that it is the right step.

Determining ways to maximize profit for the company may not be the issue at hand, as several factors could inform the decision making process.

5 0
3 years ago
Other questions:
  • Stephans Corporation currently manufactures a subassembly for its main product. The costs per unit are as follows: Direct materi
    11·1 answer
  • Which expert created a pyramid of people's basic needs? A. Douglas McGregor B. Abraham Maslow C. Frederick Herzberg D. Clayton A
    7·1 answer
  • Which type of decision maker tends to choose the first available option in haste
    11·1 answer
  • What is a contingent beneficiary on a life insurance policy
    13·1 answer
  • What is the maker movement? (A) Systems used to create the digital designs and then manufacture the products.(B) Serialization o
    5·1 answer
  • Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year
    12·2 answers
  • Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of the goods so
    12·2 answers
  • Kiosks and carts are ideal locations for
    13·2 answers
  • Heedy Company is trying to decide how many units of merchandise to produce each month.The company policy is to have 20% of the n
    7·1 answer
  • What is the best way to lead an important project?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!