Answer:
50% tax on the amount not distributed as required
Explanation:
In this specific scenario, the individual will have to pay a penalty of 50% tax on the amount not distributed as required. This is mainly due to the fact that traditional IRA accounts require that distribution of benefits must begin no later than age 70½ if immediate annuities are used to pay for them. Failure to do so would have a consequence of a 50% tax on the undistributed amount, and must be paid by the owner of the account.
by all resources are scarce
Answer:
Deception
Explanation:
False advertisement is the use of false, misleading, or unproven information to advertise products to consumers. For Example, one type of false advertising is to claim that a product has a health benefit or contains vitamins or minerals in their product whereas actually it does not. This is called "Deception".
Deceptive advertising, also known as false advertising, The use of confusing, misleading, and untrue statements when promoting a product.
If the product representation creates a misleading impression in the mind such as to the price, value or the quality of any goods and services then the behavior is likely to breach the law.
Advertising law will protect consumers from deceptive advertising through the enforcement of specific legislation.
The answer is Increase and Reduce
W-4 allowance is deducted directly from the total of your salary by the employers.This means that the amount of money that you could take home will be reduced.
Since the employers now in the possession fo a certain percentage of your income, the tax burden is now no longer in your hands, which will reduce your amount of tax payment.
Answer: Unsought products.
Explanation:
Unsought products are products that consumers rarely purchase, either due to lack of awareness about the product or lack of regular usage of those products. The unsought products includes; encyclopedias, cemetery space, reference books etc.
