1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
il63 [147K]
3 years ago
6

Fran purchased an annuity that provides $5,400 quarterly payments for the next 10 years. The annuity was purchased at a cost of

$135,000. How much of the first quarterly payment will Fran include in her gross income?
Mathematics
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

$5400

Step-by-step explanation:

Gross income is any interest, wage etc(money received) given to someone which they account for before any deductions and tax. Fran will have to include all $5400 of her first quarterly payment into her gross income because there are no deductions yet and tax when you consider what is put in gross income. Fran would have earned this amount as a payment from the purchasing of the annuity as it serves as a payment back for purchasing an annuity which to Fran, is an investment.

You might be interested in
Helpppp PLZ 20 POINTS!!!!! More then one answer
Vinil7 [7]

Answer:

The first and last one!!

Step-by-step explanation:

Was it correct?? Hope this helps!!(¬_¬ )

7 0
2 years ago
Read 2 more answers
Please help me! For which I do not understand how to do this..
katovenus [111]
What is the main question asking you about the number line?
6 0
3 years ago
Read 2 more answers
Move two match sticks to make squares.
Rasek [7]

Answer:

The one in the middle and the one on the right?

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
6 less than a number is -2 what is the number?
blagie [28]
4 is the number you want
3 0
3 years ago
Leon made more baskets than Jaden but fewer baskets than Jeremiah. Who made more baskets, Jeremiah or Jaden?
snow_lady [41]

Answer:

I’m pretty sure it’s Jeremiah

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • the temperature at 4am was -13 f the temperature was rising at a steady rate of 5 f an hour at what time will the temperature be
    15·1 answer
  • What is the rate of change of the amount earned with respect
    12·1 answer
  • A soccer club spent $97.50 on trophies from a custom trophy company. The cost of manufacturing x custom trophies is $18.50 for t
    5·1 answer
  • Solve for r. 35r-21<-35r+19
    15·1 answer
  • #18 Mikayla has 25
    13·2 answers
  • The width of a rectangle is 30% of its length. what is the area of the rectangle?
    6·2 answers
  • Please help!<br> I need the answer ASAP
    7·1 answer
  • Your teacher is giving you a test tomorrow with 2- and 4-point questions for a total of 100 points. The number of 4 points quest
    12·2 answers
  • A farmer is digging a ditch across his field.
    9·1 answer
  • GIVING BRAINLIEST PLEASE HELP! :D
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!