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Lina20 [59]
3 years ago
7

Bonita is considering changing jobs and plans to roll over the vested portion of her qualified retirement plan into either an IR

A or the qualified retirement plan of her new employer. Reasons why a direct rollover into the new plan, rather than an IRA, would be more appropriate include which of the following?I. The new employer's plan is the only way Bonita can get a distribution at retirement in the form of a life annuity.II. The new employer's plan contains a provision for loans.III. There will be no tax penalty if a lump sum benefit is withdrawn from the new plan at early retirement after attaining age 50.IV. Lump sum withdrawals from the new employer's plan after age 59 1/2 will be eligible for 5- or 10-year forward-averaging.a)II only b)I and IIIc)II and III
Business
1 answer:
jasenka [17]3 years ago
6 0

Answer:

a) II only

Explanation:

Bonita is planning to join the new company because there is an availability of getting a loan from the company. Unlike her previous employer, the new employer has different packages for employees such as retirement plans as well as the available of loans for employee. Therefore, it can be concluded that the correct option is a.

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Under what condition would it be rational for the trading areas of two branch locations to completely overlap?
dolphi86 [110]
When the retailer decides to switch store locations due to loss of a lease on the first store location.
7 0
2 years ago
Real GDPa.is the current dollar value of all goods produced by the citizens of an economy within a given time. b.measures econom
Gre4nikov [31]

Answer:all of the above are Correct (D)

Explanation:

Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.

3 0
2 years ago
The students in Mrs. Reed's English class are reading the same $760$-page novel. Three friends, Alice, Bob and Chandra, are in t
il63 [147K]

Answer:

456

Explanation:

Taking the number of pages Chandra reads as x; we formulate an equation:

In the equation below, 30 represents time taken by Chandra, 45 represents time taken by Bob and 760 is the number of pages in the novel.

Solving for x:

30x = 45(760-x) ;

30x = 34,200 - 45x

30x + 45x = 34,200

75x = 34,200

x = 34,200/ 75

x= 456

Therefore Chandra will need to read up to the 456 page.

4 0
3 years ago
Read 2 more answers
For which of the following types of goods would the income elasticity of demand be positive and relatively large?A. luxuriesB. a
RoseWind [281]

Answer:

Option (A) is correct.

Explanation:

Luxury goods refers to the goods which are having positive income elasticity of demand. Positive income elasticity of demand is defined as the direct relationship between the demand of the goods and the income of the consumers.

If there is an increase in the income level of consumers then as a result there is an increase in the demand for luxury goods by a greater proportion. That's why the income elasticity of demand is relatively larger.

5 0
2 years ago
Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a lo
kumpel [21]

Answer:

a)  If Goshawk is a proprietorship, only $21000 long-term capital loss can be deducted in the current year. The remaining $19000 net capital loss is carried forward and then carried back

b)  If Goshawk is a C corporation, only $ 18000 long-term capital loss can be deducted in the current year. The remaining $22000 net capital loss is carried back and then forward of Item 2.

Explanation:

The gain or loss on the sale of a property is said to be the difference between between the realized value of goods and its adjusted basis. When there is a gain the realized value would be greater than the adjusted basis, while when there's loss the realized value would be less than the adjusted basis.

A) In this case, if Goshawk is a proprietorship, only $21,000 of the $40,000 long-term capital loss can be deducted in the current year. The loss will offset the short-term capital gain of $18,000 first; then, an additional $3,000 of the loss may be utilized as a deduction against ordinary income. The remaining $19,000 net capital loss is carried forward to next year and years thereafter until completely deducted. The capital loss carryover retains its character as long term.

B) If Goshawk is a C corporation, $18,000 short term capital gain can be set off for long term capital loss. Then the remaining $22,000($40,000 - $18,000) will be carried backwards

3 0
3 years ago
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