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Ede4ka [16]
3 years ago
9

Addison pays $15,000 for an annuity that will pay $1,000 a year, starting this year. If the annuity is for a term of 20 years, h

ow much taxable income will Addison have from the annuity each year? Question 16 options: Addison will never have taxable income resulting from annuity distributions. Addison will have $250 of taxable income from the annuity each year. Addison will have $750 of taxable income from the annuity each year. Addison will have $1,000 of taxable income from the annuity each year.
Business
1 answer:
kati45 [8]3 years ago
6 0

Answer:

Addison will have $250 of taxable income from the annuity each year

Explanation:

Given:

Addison's total pay = $15,000

Per year amount receive = $1,000

Total amount receive = $1,000 x 20 = $20,000

Computation of Addison's exclusion ratio:

Addison's exclusion ratio = $15,000 / $20,000

Addison's exclusion ratio = 0.75

Computation of Addison's gross income:

Addison's gross income = Per year amount receive x (1 - Addison's exclusion ratio)

Addison's gross income = $1,000 x (1 - 0.75)

Addison's gross income = $250

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Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

<h3>What is technological segment of the general environment?</h3>

The practice of creating physical items, the built environment, and services in accordance with ecological sustainability principles is known as "green design."

The creation and use of packaging that improves sustainability is referred to as sustainable packing. This entails a greater reliance on life cycle assessment (LCA) and life cycle inventory (LCI) to assist direct the use of packaging that has a smaller negative impact on the environment.

These elements are a part of the physical segment of the general environment that businesses have sought to address with environmental sustainability initiatives, along with energy efficiency (using alternative energy sources like solar, avoiding the use of oil to produce energy, and reducing the air footprint).

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1 year ago
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
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Answer:

$0.013

0.010724

Explanation:

Given that :

Mean, m = 36500

Standard deviation, s = 5000

Refund of $1 per 100 mile short of 30,000 miles

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P(X < 30,000)

Using the Zscore relation :

Zscore = (x - m) / s

Zscore = (30000 - 36500) / 5000

= - 6500 / 5000

= - 1.3

100 miles = $1

1.3 / 100 = $0.013

b. What is the probability that Grear will refund more than $50 for a tire?

100 miles = $1

$50 = (100 * 50) = 5000 miles

Hence, more than $50 means x < (30000 - 5000) = x < 25000 miles

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(25000 - 36500) / 5000

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= - 2.3

P(z < - 2.3) = 0.010724 (Z probability calculator)

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Answer:

c

Explanation:

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