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grin007 [14]
3 years ago
11

When does a cash dividend become a legal​ liability?

Business
1 answer:
Vinvika [58]3 years ago
5 0
B. on date of record
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Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. upper a radio station asks
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Convenience sampling is used, because the population is taken from a sample that easy to reach

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3 years ago
In need of extra​ cash, Troy and Lily decide to withdraw ​$2 comma 100 from their traditional IRA. They are both 40 years old. T
krek1111 [17]

Answer:

Calculate the tax consequence of withdrawal from retirement account.

T and L are 40 years old and decide to withdraw $2,100 from their IRA. They lie in a 35% marginal tax bracket.

Analysis

They are withdrawing some amount from their retirement fund. They have to pay the tax and penalty for early withdrawals from the retirement fund. The withdrawal amount is $2,100 so they have to pay tax on it. The tax rate will be 35% which is their marginal tax bracket.

Calculation of tax consequences if withdrawal amount is $2,100:

Ordinary income tax amount calculates by multiplying the withdrawal amount with the ordinary tax rate.

= $2100 × 35%

= $735

The withdrawal amount attracts the 10% penalty. So, the penalty amount is calculated as follows: Penalty on withdrawn funds calculates by multiplying the withdrawn funds with the percentage of penalty.

= $2100 × 10%

= $210

(NOTE: - T and L have to pay ordinary income tax along with the penalty on their withdrawal because they are withdrawing funds from their IRA before age 59.5.)

Total expenses include the tax amount and penalty charge on withdrawal amount. So, it is calculated as follows:

Total expenses =$735 + $210

Total expenses = $945

Conclusion

Therefore, T and L would incur a tax of $945 on their withdrawal. This $945 is the sum of income tax amount and penalty on withdrawal balance.

8 0
3 years ago
Reverend samuel stanhope smiths proposal that skin color should be viewed as a product of climate and therefore not correlated t
Tatiana [17]
I think he felt that skin was attributable to climate and did not affect one's intelligence, character and personality so  he was not a racist. While areas of the world like Latinamerica and Africa for example have many people with brown or black skin, they are every much as capable as people from more northern climates with white skin. The fact that, for example the Latin american areas had advanced civilizations like the Incas and Aztecs, the former with 1000's of kilometers of roads tying their empires together and the Aztecs with their monumental temples and both with advanced agriculture based on astronomical observations shows this is the case.
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osie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation:
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Answer:

The Bad Debt expense will be in year 1;

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The journal entry will be

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How many days after missing a student loan payment do your loans go into default?.
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Answer:270 day past due

Explanation:

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