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maks197457 [2]
3 years ago
10

Tommy is 58-year-old and has operated his Roth IRA account for 7 years. He intends to retire at 60. Exactly six months ago, he w

ithdrew 23 of his Roth IRA balance and invested in the stocks of a company that just filed for bankruptcy. He wants a steady income when he is retired. What retirement plan is best for Tommy?
another Roth IRA
an annuity
a traditional IRA
mutual funds
Business
1 answer:
SpyIntel [72]3 years ago
7 0

I did not understand very well but later I will give you the answer

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Howie Long has just learned he has won a $500,000 prize in the lottery. The lottery has given him two options for receiving the
Contact [7]

This decision will depend on whether or not Howie needs immediate money and the rate of inflation. Assuming there is no inflation, as the issue did not mention it, and Howie prefers the decision that yields the greatest financial reward, simply calculate and lower the tax in each situation, and then compare them.

<u>Scenario 1:</u> Total receipt upon ticket delivery with 46% deduction

46% = 46 \ 100 = 0.46

To find the value to be deducted, let's multiply the total by 0.46

500,000 * 0.46 = $ 230,000

That way Howie would get $ 500,000- $ 230000 = $ 270,000

<u>Scenario 2:</u> 25 installments of $ 36,000 with 25% deduction

The gross total will be 25x $ 36,000 = $ 900,000

Now it is enough to decrease 25% of the total amount, to find the amount of the tax.

25% = 25 \ 100 = 0.25

$ 900,000 * 0.25 = $ 225,000

Finally, simply decrease the amount received by the tax amount:

$ 900,000- $ 225,000 = $ 675,000

Therefore, Howie would be better off if he opted for the installment payment.

8 0
3 years ago
Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose
Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

3 0
3 years ago
Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.
lisov135 [29]
<span>Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.</span>
7 0
3 years ago
If the variable costs of producing two books are $100, what is the marginal cost of producing one more book?
Ierofanga [76]

Answer:Hi Martina, okie anyway Im taking the test rn too I just answered Tanya, its $25

Explanation:

1 book= 50

2 books= 100

100-50=50

Then 50/2=25

3 0
3 years ago
A loan is being amortized by means of level monthly payments at an annual effective interest rate of 8%. The amount of principal
suter [353]

Answer:

d) 216

Explanation:

We need to equate the value of 12th payment and t^th payment through the below formula.

=> 1000*(1+8%)^[(t-12)/12] =3700

=> (1.08)^[(t-12)/12] =3.7

=> [(t-12)/12] =17

=> t=216

4 0
3 years ago
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