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ruslelena [56]
3 years ago
13

A customer has invested a total of $10,000 in a nonqualified deferred annuity through a payroll deduction plan offered by the sc

hool system where she works. The annuity contract is currently valued at $16,000, and she plans to retire. On what amount will the customer be taxed if she chooses a lump-sum withdrawal?
Business
1 answer:
Blababa [14]3 years ago
3 0

Answer:

On $6000 amount customer be taxed

Explanation:

given data

total invest = $10000

current value = $16000

to find out

On what amount customer be taxed

solution

we know customer is invest here total $10000 and

current value is now $16000

so we can say that here payment non qualified deferred, annuity  after tax

so tax are paid of earning

so earning =  current value - invest

earning = 16000 - 10000

earning = $6000

so on $6000 amount customer be taxed

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Colorado Business Tools manufactures calculators. Costs incurred in making 9,940 calculators in February included $29,350 of fix
baherus [9]

Answer and Explanation:

The computation is shown below:

a)

Fixed manufacturing overhead per unit  is

= $29,350 ÷ 9,940

= $2.95 per unit

Now  

Variable cos per calculator is

= $10.70- $2.95

=$ 7.75 per calculator

b)Variable costing income will be lower by

= 750 units × $2.95

= $2,213

= Fixed cost + n × variable cost per calculator

c) The Cost formula (y) is  

= $29,350 + 7.75 x

6 0
2 years ago
Why does the marginal benefit of a diamond nearly always exceed the marginal benefit of a bottle of water?
exis [7]

Answer:

B)Diamonds are much more scarce than water, so the marginal benefit of diamonds are much higher

Explanation:

Water is a necessary good, but diamonds are luxury goods. At low levels of consumption, water will provide a much higher utility than diamond. Someone very thirsty will derive much more satisfaction from drinking water than from acquiring diamonds.

Marginal benefits arise from the consumption of extra units. After one has quenched their thirst,  consuming more water later adds minimal benefits. On the other hand, diamonds are scarce and valuable. Having one is good, but getting an extra one will bring greater benefits as it increases wealth. Therefore, the marginal consumption of o diamonds has greater benefits than water.

7 0
3 years ago
Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks' income for the year consists of $
Yuki888 [10]

Answer:

$1,450

Explanation:

Interest Income = $1,500

Investment Interest expenses = $1,450

Allowed deduction limit investment interest is subject to investment income. So $1,450 is allowed as deduction

8 0
3 years ago
Robin is working with a little autistic boy, trying to increase the amount of eye contact he can provide. She says, "Look at me.
Softa [21]

Answer:

Discrete-trial training

Explanation:

Discrete-trial training (DTT) refers to a method used to develop responses to a stimulus. The teacher uses tangible reinforcements to develop one skill at a time, i.e. one desired behavior at a time. DTT is divided into three stages:

  1. the teacher's presentation  
  2. the child's response
  3. the consequence

8 0
3 years ago
Consumers in which stage of the household life cycle are over 64 years of age; are either fully or partially retired; are health
scoray [572]

Options: A. Single 1

B. Single II

C. Empty nest I

D. Empty nest II

E. Delayed empty nest

Answer: D. Empty nest II

Explanation: Empty nest syndrome is a term used to describe the feeling of grief and loneliness which

a parent experience when their children live home for the first to some where else either to study or for work etc.

Empty nest syndrome is usually associated with Full time mother's because they are more connected to their children due to the constant Relationship between them.

Empty nest II is the loneliness or grief feelings experienced by parents after when all the children have left home and the parent now stay alone with eachother,most parents in the stage will be of ages around 64years and most are either retired or partially retired.

6 0
3 years ago
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