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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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Extrinsic motivation is commonly defined as the inclination to participate in activities to receive some kind of perceived outward benefit. It is worth noting that either physical or mental in essence can be these incentives. Thus, from the above we can conclude that the above statement is false.

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3 years ago
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Colleen and Judy purchased a dilapidated townhome in an estate sale. Due to their fix-up work and the current economy, the prope
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The correct answer is The covenant of warranty.

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In the movie contract, which side was the more successful negotiator? Can you think of any terms that either party left out? Are
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In the movie contract, the artist side was the most successful navigator. The party may be left out if the artist contract with the another film.

<h3>Who is navigator?</h3>

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When two people can't correspond on something then, it's essential to call in a mediator. When two institutions unite, they can employ a negotiator to support them iron out the terms of the deal.

The artist was a more successful negotiator in a movie contract because he/she had spelled out all of the possible provisions for acting in a film. More conditions may have been included by the producer to bind the artist to the contract.

The producer may have added the following provisions to the movie contract before signing it. It includes that, If an artist arrives late on set, the producer has the authority to remove a penny from the artist's remuneration, and

If it is discovered that an artist has signed other film contracts, he or she will be held accountable for damages.

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