Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.
From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.
It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income
Therefore, the taxable amount will be $30000.
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Answer:
YESSSSSS I DOOOOOO THAT THING WAS WERIDDDD
Explanation:
is this for consumer maf skills ?
Answer:
The correct answer is Increased; decreased.
Explanation:
The future taxable amount is the initial figure on which a specific type of tax is applied to calculate the value of the tax to be paid. The tax base is the “monetary or other magnitude that results from the measurement or valuation of the taxable event” and establishes its estimate according to three methodologies:
- Direct estimation, used in a general way. It is calculated from the data available to the tax payer, for example, through the accounting books.
- Objective estimation, established by law for specific cases. It is not fixed on real data, but rather uses ratios or quantities that allow an average to be made. For example: according to the number of workers.
- Indirect estimate, for cases in which the Tax Agency does not have all the necessary data to establish the tax base.
