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
k0ka [10]
3 years ago
9

"Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to

his wife, age 62, who does not work. She needs current income and wishes to receive payments over the longest time frame possible. You should advise the spouse to:"
Business
1 answer:
vredina [299]3 years ago
5 0

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.

You might be interested in
What is one potential benefit of establishing trade barriers?
Nadya [2.5K]

Answer:

D)They provide domestic consumers with a wider variety of goods.

3 0
3 years ago
You are planting seeds in a vegetable garden. According to the instructions on the seed​ packet, the seeds should be placed​ 12"
Alex

Answer:

The correct answer is a. the range of variation.

Explanation:

The Range is the interval between the maximum value and the minimum value; Therefore, share units with the data. It allows to obtain an idea of the dispersion of the data, the greater the range, the more dispersed the data (without considering the affectation of the extreme values). The range is also called amplitude or travel.

8 0
4 years ago
The bookkeeper for Concord Corporation asks you to prepare the following accrued adjusting entries at December 31.
mario62 [17]

Answer:

No  Date    Account Titles and Explanation       Debit     Credit

1.  Dec. 31   Interest expenses                               $400

                           Interest payable                                        $400

                  (To record interest due on notes)

2. Dec. 31   Account receivable                             $2,000

                             Service revenue                                      $2,000

                  (To record the service revenue earned)

3. Dec. 31   Salaries and wages expenses            $670

                              Salaries and wages payable                 $670

                   (To record the alaries and wages expenses)

5 0
3 years ago
Scheming Friends.Willy very much wants to rent a basement apartment in Weaver's home.Willy threatens to tell all Weaver's friend
Lana71 [14]

Answer:

E) He will be able to rescind the agreement because Weaver committed fraudulent misrepresentation.

6 0
4 years ago
What are some of the reasons that work teams have become more prevalent in todayâs organizations? How do they provide a competit
iris [78.8K]

Answer: working as a team sets up organizations for outstanding success and Improvement of team members

Explanation:

Working as a team has been a great help for most organizations. It's been realized that success experienced by many firms has been a result of what the teams accomplished when they worked together on a project, here are some reasons why they become prevalent;

1) Unity is being fostered within their activities, everyone is able to understand each other and know how to cooperate with the other

2) Productivity and efficiency is usually on the high as teams that work together put in a lot of energy to be productive in many efficient ways

3) There is an opportunity to learn from the group, thereby improving the skills of everyone on the group

They provide a competitive advantage when they work together, with everyone's effort, progress, success and achievement's are bound to occur.

3 0
3 years ago
Other questions:
  • What is the main purpose of evaluating the career choices that you have researched?
    9·1 answer
  • Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor
    8·1 answer
  • Market share is: Group of answer choices the ratio of the profit of the firm to the total profits of all firms in the industry,
    8·1 answer
  • The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers. a. Bill'
    8·1 answer
  • Clarion Corp. invested cash in a 6-month certificate of deposit (CD) on November 1, 2015. If Clarion Corp. has an accounting per
    7·1 answer
  • The HR manager of SuperGlam, an online discount fashion retailer, wanted to redesign the workflow in customer service, order ful
    7·1 answer
  • Blue Spruce Corp. had the following transactions.
    7·1 answer
  • Evaluate whether all of the following are considered to be investment (I) in calculating GDP.
    8·1 answer
  • Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
    8·1 answer
  • Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1,
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!