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stira [4]
3 years ago
14

Over the past 4 years, Cardi, age 28, has contributed a total of $20,000 to a Roth IRA. The current balance is $25,000. She was

tired of renting, so this year she took a distribution of $15,000 for a down payment on a home. What amount of the distribution should she include in her gross income this year
Business
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

$0

Explanation:

According to the scenario, computation of the given data are as follow:-

Contributed amount = $20,000

Distribution amount = $15,000

As we know,

Taxable amount = Distribution amount - contribution amount

= $15,000 - $20,000

= - $5,000

The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.

She included $0 amount in her gross income this year.  

 

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As a manager of a retail-clothing store, Lance favors detailed job descriptions, formal rules and regulations, detailed records,
Yakvenalex [24]

Answer:

MAX WEBER

Explanation:

Legal domination, its purest type is bureaucratic domination, is based on the fact that any right can be created and modified by means of a statute sanctioned correctly in terms of form, that is, through this type of domination the ruling class uses legal bodies to achieve its goal of maintaining domain control.

In a position, his performance demands all the performance of the official; This means that whoever occupies the position must be efficient in their functions, therefore a high level of performance is expected from the leaders of the bureaucratic organization.

6 0
3 years ago
Kumi, your coworker, has been working on his taxes for the last two months. If Kumi gets audited this year, he is likely to beli
zavuch27 [327]

Answer: external cause

Explanation:

Based on the information that's provided in the question, if Kumi gets audited this year, then he is likely to believe that the reason for the audit is due to an external cause, like the tax program that was used in the preparation of his taxes.

In such case, we can infer that the perception of Kumi is being influenced due to self-serving bias.

8 0
2 years ago
A company pays its employees $4,250 each Friday, which amounts to $850 per day for the five-day workweek that begins on Monday.
BartSMP [9]

Answer:

$3,400

Explanation:

Out of five day workweek, accounting period ends on Thursday which indicates that employees work only for 4 days. Therefore, salaries are earned only for 4 working days and unpaid at the end of the accounting period

Salaries earned but unpaid= 4 working days * $850 per day = $3,400

Hence, salaries earned but unpaid at the end of the account period is $3,400

5 0
3 years ago
A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. I
yaroslaw [1]

Answer:

3 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment ÷ Net cash flow

where,  

Initial investment is $15,000

And, the net cash flow would be

= Year 1 + year 2 + year 3 + year 4

= $5,000 + $5,000 + $5,000 + $5,000

= $20,000

As we see that the net cash flow is recovered in three years that means net cash flows and the initial investment are equal

So,

Payback period would be

= $15,000 ÷ $15,000

= 3 years

7 0
3 years ago
When customers join the Daily Needs Reward Zone, they receive one point on every purchase they make at Daily Needs stores and Da
Tanya [424]

Answer: A customer loyalty program

Explanation:  

  A customer loyalty program is one of the type of marketing based program that is specifically designed to strengthen the relations between the organization and the consumers.

The main purpose of a loyalty program is that it helps in encourage and also motivating the various types of consumers for using the products and the services which is specifically related to the given program.  

According to the given question, a customer loyalty program is best illustrating the given situation and the Daily needs reward zone is basically using this type of program.

Therefore, Customer loyalty program is the correct answer.

5 0
3 years ago
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