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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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Answer:

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7 0
3 years ago
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Akimi4 [234]

The answer is "Individual".<span>

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4 0
3 years ago
"Lluvia Manufacturing and Paraguas Products both seek funding at the lowest possible cost. Lluvia would prefer the flexibility o
JulijaS [17]

Answer:

Paraguas should borrow at LIBOR + 2.000% and swap for fixed rate debt.

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Explanation:

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Download docx
7 0
3 years ago
The largest percentage of gross domestic product (GDP) is
kiruha [24]

Answer:

b. consumer spending  

Explanation:

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7 0
3 years ago
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castortr0y [4]

Answer:

I don't know what is meaning

Explanation:

sry

3 0
3 years ago
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