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dybincka [34]
3 years ago
10

An individual who has completed college has been working for 9 years and is now 30 years old. He is thinking about returning to

school in a few years to complete his masters degree and wants to set up a 529 Plan with himself as the beneficiary. Can he do this? A. No, because the donor and the beneficiary must be different persons in a 529 Plan B. No, because 529 Plans cannot be opened after age 30 C. No, because 529 Plans must have an independent trustee D. Yes
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

D Yes

Explanation:

An uncommon aspect of 529 Plans is that both donor and receiver can be the same person. There is no age restriction on who may be the beneficiaries of the account. This person may themselves open a 529 plan and be both the donor and the beneficiary.

Therefore from the above explanation the correct answer is D

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You work in the Accounting department and have been using a network drive to post Excel workbook files to your file server as yo
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Answer:

1 st - Save the workbook file to your hard drive - saving things first is always good.

2nd - Ask your network administrator to give you permission to access the folder - of course you need permission so you have to ask.

5 0
3 years ago
(Disregard income taxes in this problem.) Compute the following:a.An investment of $10,000 has an investment/inflow ratio of 6.2
aleksandrvk [35]

Answer:

Explanation:

a) Investment/flow ratio =10000/annual cash flow=6.2

So, the annual cash flow is 10000/6.2=1613

b) Investment/flow ratio =investment/2000=6.14

So, the investment is 2000*6.14=12280

4 0
3 years ago
If mara’s puzzle factory is operating at a quantity in which the marginal revenue from the last puzzle produced is $20, marginal
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The condition for a profit maximising point is where MR = MC.

When MR is greater than MC, the firm should increase production to take hold of the extra profit, therefore Mara should increase production.
7 0
3 years ago
In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be
lianna [129]

Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (<em>1910-2013</em>) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

3 0
3 years ago
The Ziltech Consulting Group reported net income of $1,000,000 for its fiscal year ended December 31, 2021. In addition, during
grigory [225]

Answer:

$1,240,000

Explanation:

Given that,

Net income = $1,000,000

Pretax foreign currency translation adjustment = $400,000

Unrealized pretax loss on debt securities = $80,000

Effective tax rate = 25%

Total other comprehensive income:

= Foreign currency translation adjustment - Loss on debt securities

= [$400,000 × (1 - 25%)] - [$80,000 × (1 - 25%)]

= ($400,000 × 0.75) - ($80,000 × 0.75)

= $300,000 - $60,000

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= $1,000,000 + $240,000

= $1,240,000

7 0
3 years ago
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