Mike has inherited his father's traditional ira. as beneficiary, he will pay ____ taxes on any money withdrawn.

1 answer:

5 0

The answer would be income taxes. The recipient can pull back the assets and pay the pay charges over a five-year time span. The recipient can make required yearly least disseminations throughout the recipient's measurably decided future, paying pay charges as withdrawals are made. The IRS has an outline with respect to future. This choice could enable a more youthful recipient to spread out the withdrawals and along these lines the income taxes over numerous years; The recipient can make required yearly least dispersions through the span of the decedent's factually decided future, paying wage charges as withdrawals are made.

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Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prio

Romashka [77]

Answer: Manufacturing overhead for the month was underapplied by $19,000.

Explanation:

From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.

This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.

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4 years ago

Preferred stock comes in many varieties. ____ preferred stock includes a requirement that past dividends not paid must be paid i

slega [8]

Preferred stock is a type of investment security which represent ownership in a corporation and is also a debt instrument of the company.

Explanation:

Preferred stock is a type of investment security which represent ownership in a corporation and is also a debt instrument of the company.It is basically of 5 types

Cumulative
Participating
Convertible
Callable
Adjustable-rate

Preferred stock comes in many varieties.

Cumulative preferred stock includes a requirement that past dividends not paid must be paid in future years before any common stock dividends may be paid.

Participatory preferred stock includes the ability to collect dividends with the common stock owners after all preferred dividends have been paid.

Convertible preferred stock may be turned in for common stock under certain conditions.

Callable preferred stock, also known as callable preferred stock, comes with the risk that the issuing company may buy back the shares under certain conditions.

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4 years ago

One defining characteristic of pure monopoly is that the:.

ipn [44]

Answer:

No close substitutes for the product exist and there is one seller.

Explanation:

3 0

2 years ago

Read 2 more answers

A ______ is a firm that produces the entire market supply of a particular good or service

shutvik [7]

the answer to ur question is industry

4 0

3 years ago

Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital

AleksandrR [38]

Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

So on his income from capital gain that is 34,000 dollars no tax will be charge. However the remaining income is subject to income tax that is (36000-34000)= 2000 dollars. So Cason is liable to pay tax equals to 200$. (2000*10%)

As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

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3 years ago