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4 years ago

Evie must pay an additional tax on the early distribution from her 401(k) of: a. 0% b. 5% c. 10% d. 15%

Business

1 answer:

almond37 [142]4 years ago

6 0

Answer:

c. 10%

Explanation:

Law Imposes additional 10% tax on early distribution of 401 (k) retirement plan. This law is to discourage the use of retirement fund for other purposes than the retirement plan. Evie want early distribution of her funds so she must pay 10% additional tax on these funds. So option c. 10% is correct for 401(k) retirement plan.

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On March 1, 2019, Baltimore Corporation had 65,000 shares of common stock outstanding with a par value of $5 per share. On March

andreyandreev [35.5K]

Answer:

retained earnings 175,500

common stock 48,750

paid in excess of par 126,750

Explanation:

The diivdends are 15% so we multiply this by the shares outstanding to know the amount of shares:

65,000 x 15% = 9,750 shares

Then we multiply by the market value to know the amount needed:

9,750 x $18 market value = $175,500 stock dividends

The common stock will be 9,750 at par

and the remainder will be paid in excess.

9,750 x 5 = 48,750 CS

175,500 - 48,750 = 126,750

7 0

4 years ago

During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative prefe

Sergeu [11.5K]

Answer:

The Comma’s basic earnings per share for the current year was $7.36

Explanation:

The computation of the earning per share is shown below

Earning per share = (Net income - preferred dividend) ÷ (Number of shares)

where,

Net income is $200,000

Preference dividend = Number of shares × price per share × rate

= 8,000 shares × $20 × 10%

= $16,000

And, the number of outstanding shares is $25,000

Now put these values to the above formula

So, the value would equal to

= ($200,000 - $16,000) ÷ (25,000 shares)

= $184,000 ÷ 25,000 shares

= $7.36 per share

3 0

3 years ago

Drag the tiles to the correct boxes to complete the pairs.

scZoUnD [109]

Can help in a emergency = using saving account money
establishing good credit = using credit cards
does not require planning = making impulse purchases
can result in crushing interest expenses = obtaining a loan for a major purchase
Hopefully this helped!

8 0

3 years ago

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an

nevsk [136]

Answer:

-0.0246 or -2.46%

Explanation:

The duration 't' of his investment is:

$t= 2015-2008=7\ years$

The future value ($10,668,500) of an initial investment ($12,700,500) at a rate 'r' for a period of 7 years is given by:

$10,668,500=12,700,500*(1+r)^7\\1+r=\sqrt[7]{\frac{10,668,500}{12,700,500}}\\1+r=0.9754\\r=-0.0246=-2.46\%$

His annual rate of return was -0.0246 or -2.46%.

*A negative rate of return means that money was lost in this investment

6 0

3 years ago

Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabil

kiruha [24]

Answer:

B. $9

Explanation:

Assets value = $500 million

Liability value = $50 million

Use following formula to calculate NAV

Net Assets value = Assets value - Liability value

Net Assets value = $500 million - 50 million

Net Assets value = $450 million

Net Assets value = $450 million / 50 million

Net Assets value = $9 per share

So, the correct option is B. $9.

6 0

4 years ago