Well 162,80 divided by 8,000 is 2.035 so thats going to be your answer hope this helps
Answer:
$3443.86
Explanation:
a=p(1+r/n)^nt
a=2450(1+.0525/12)^12*6.5
3443.86
Answer:
My best advice for the spouse would be to designate herself as the new account owner, and since she is 62, she can start taking regular distributions from it. Any distributions that she takes will be taxed as ordinary income (the same rule would have applied to the late husband).
Explanation:
If she had her own IRA account (which is doubtful since she doesn't work), she could also roll over her late spouse's balance into her own account.
The wife's third option would be to treat herself as a beneficiary, not the owner or spouse, but that would only complicate things and result in higher costs.
Answer:
Option B
Explanation:
In simple words, under such tax reforms the government is intending to raise indirect taxes which will lead to higher prices of certain goods and is also declining taxes on savings. Both of these steps will work as an incentive for individuals to save more.
However a big majority of community is stating that this will only lead to more burden on the weaker section due to higher prices of commodities and will eventually result in lower standard of living for certain individuals.
