The amount that Howard should report as taxable income from pensions and annuities when he files his tax return is $30, 000.
<h3>How to find the taxable income?</h3>
The Taxable income that Howard would report would depend on the contributions he made towards his retirement when he was still working. If these contributions were after - tax, then it would mean that he would not need to pay taxes.
However, as mentioned in the question, Howard did not contribute any after-tax dollars to the plan. This means that his entire income will be taxable.
Howard's taxable income would therefore be the entire $ 30, 000 annually.
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The best evidence is the soil evidence they collected from the archeological digs.
from that in particular...<span>The presence of fossils of different ages</span>
ANSWER : TRUE
EXPLANATION :
GDP denotes the total (gross)value of goods & services produced by an economy, during a period of time (financial year) .
This total value of goods can be calculated by both Income & Spending approach , based on assumption that 'one person expenditure is other person income'. Because both reflect the total value of goods produced .
This is evident from two methods to calculate GDP :
1. Expenditure Method
NDP (net value) = Compensation of Employees + Opereating Surplus + Mixed Income ;
Where - 1st COE is income of labour , 2nd OS (Rent + Interest + Profit) income of other factors - land , 3rd MI income from self employed .
2. GDP = Private Final Consumption Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports ;
Where - 1st PFCE is expenditure by private households , 2nd GFCE expenditure by govt , 3rd GDCF investment expenditure by firms , 4th expenditure by Abroad .
Answer:
Types of Consumer Product Examples
Convenience Product: Zest bar soap
Shopping Product: Sony Blu-ray Disc™ player
Doritos Hermès Birkin bag
Goodyear Ultra Grip tires
Specialty Product: Patek Philippe watch
Maytag® dishwasher
Unsought Product: Royce Poplar coffin
Explanation:
a) The factors that distinguish consumer products are:
(1) effort the consumer spends on the decision
(2) attributes used in making the purchase decision
(3) frequency of purchase.
b) Types of Consumer Product
Convenience Product
Shopping Product
Specialty Product
Unsought Product
c) Product Examples:
Royce Poplar coffin
Patek Philippe watch
Sony Blu-ray Disc™ player
Maytag® dishwasher
Doritos Hermès Birkin bag
Zest bar soap
Goodyear Ultra Grip tires
100000 X 19% = 19000
100000 X 7% = 7000
<em>Total deduction: $26,000</em>
$74,000 per year he will get after deduction
