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
Xelga [282]
3 years ago
9

Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the

roth ira account totaled 33,748: $18,000 regular contributions, $10,000 taxable conversion contributions made in 2014, and 5,748 earnings. how much of his distribution is taxable and subject to the early distribution penalty?
Business
1 answer:
Leviafan [203]3 years ago
3 0
<span>The rules for the Roth early distribution are as follows : Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution. This is IF a person has kept the amount in the account for his required five year tax period rule. If this condition has been met, the total penalty would be $ 2000.00</span>
You might be interested in
What effect would a tax increase have on income
trasher [3.6K]
The Answer is D. It would not affect gross income. Gross income is the total amount of income you gain before expenses are taken away.
7 0
3 years ago
Read 2 more answers
g Crowding out may occur when fiscal policy involves Question 28 options: A) either increases in government purchases or tax cut
aniked [119]

Answer: D. increases in government purchases.

Explanation:

Crowding out may occur simply due to expansionary fiscal policy that is, a situation wherby the government wants to increase the money in circulation and also increase its expenditure. This can lead to the government borrowing funds.

Crowding out may occur when fiscal policy involves increases in government purchases. This borrowing in turn, affects the money that will be available to the private investors as there'll be lesser funds for them.

4 0
3 years ago
What is a CFO and their responsibilities to the company?
Setler [38]

Answer:

In a larger corporation, the CFO's duties shift more toward analysis, oversight, and management.

Explanation:

Accounting and Reporting: The CFO is responsible for keeping accurate financial records and for reporting on a company or organization's financial status.

3 0
3 years ago
The use of a variety of marketing channels to ensure maximum distribution is best called _______.
Delicious77 [7]
I believe the answer is B
7 0
3 years ago
You are a beginning investor with only $5,000 in savings. How can you achieve a widely diversified portfolio at reasonable cost
Simora [160]
Buy shares in a mutual fund. Mutual funds pool savings from many individual investors and then
invest in a diversified portfolio of securities. Each individual investor then owns a proportionate
share of the mutual fund's portfolio.
4 0
2 years ago
Other questions:
  • The financial services department of your company offers a competitive leadership program. After screening and interviewing all
    13·1 answer
  • only deposits of a rare and sought-after mineral known as Yuksporite are found in ussia. Since no other nation has deposits of Y
    14·2 answers
  • Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for grocerie
    5·2 answers
  • Suppose that Antonio, an economist from an AM talk radio program, and Caroline, an economist from a school of industrial relatio
    8·1 answer
  • Innovative Consulting has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts
    13·1 answer
  • Theoretically, a company comparing multiple projects with similar investment requirements and durations would select projects wi
    7·1 answer
  • Analyze the given scenario for potential ethical concerns.
    14·2 answers
  • How can you minimize your risk while maximizing your potential gains?
    8·1 answer
  • Absorption costing can lead managers to mistakenly believe that fixed manufacturing overhead costs will Blank______ in total as
    7·1 answer
  • sunland corporation currently manufactures a subassembly for its main product. the costs per unit are as follows: direct materia
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!