1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arsen [322]
3 years ago
10

A taxpayer, age 60, purchases an annuity from an insurance company for $90,000. She is to receive $500 per month for life. Assum

e that her life expectancy is 24.2 years from the annuity starting date. As a result, her expected return is _______________ and the exclusion amount is ____________________.
Business
1 answer:
Hitman42 [59]3 years ago
8 0

Answer and Explanation:

The computation of the expected return and the exclusion amount is shown below:

Expected return is

= Received amount on a monthly basis × total number of months in a year × life expectancy

= $500 × 12 × 24.2

= $145,200

Now the exclusion amount is

= Purchase value of an annuity × Purchase value of an annuity ÷ expected return

= $90,000 × $90,000 ÷ $145,200

= $55,785

You might be interested in
A bank loaned out 19,000 part of it at 6% interest per year and the rest at 14% per year. if the interest recieved in one year t
Ksju [112]
Let x be the part of 19,000 that was loaned out at 6% such that the remaining 19,000 - x was loaned out at 14%. The interest is calculated by the equation,

    I = P x i x n

where P is the principal amount, i is the interest, n is the number of years. Substituting the known values,

   2000 = (x)(0.06) + (19000 - x)(0.14)

The value of x from the equation above is 8250.

Hence, 8,250 was loaned out at 6%. 
6 0
4 years ago
The diagram shows an aspect of fiscal policy.
storchak [24]

Answer

C. The government spending to strengthen the economy

Explanation

The fiscal policy is applied by the government to influence the economy through adjusting revenue and spending levels. The Fiscal policy is applied with the monetary policy to give a direction of the economy and reach the set economic goals. In this case, taxation and money transfers has been applied.


6 0
3 years ago
Read 2 more answers
If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

To learn more about accumulated total refer to:

brainly.com/question/13131255

#SPJ4

5 0
2 years ago
At January 1, 2018, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
VashaNatasha [74]

Answer:

interest payable   66,000

note payable      384,000

       Land                            325,000

       Gain on disposal         125,000

Explanation:

600,000 x 11% = 66,000 interest payable

the land is being used to settle the note along with the accrued interest at the time:

the accounting  of Transit developments record the land at cost: 325,000

as the market valuye is 450,000 so a gain for 125,000 will be recognize.

450,000 market value - 66,000 interest payable: 384,000 payment on the note principal

the entry will write-off the interest payable, decrease the note by that amount and recognize the land gain on disposal

4 0
3 years ago
The constant growth model assumes which of the following?
Gwar [14]
The answer would be letter C, because the growth model promotes a rise or a growth in development. In which, it will create the stocks to be efficiently priced as time goes by for it is a requirement in terms of developing or having stocks to rise up in the contribution of the company. Executive stocks are not always available, privately held information does not follow on the relationship of the model and there is a restricted stock.
4 0
3 years ago
Other questions:
  • Which of the following groups would have access to managerial accounting information?a. bankers.
    8·1 answer
  • Tim rutherford is thinking about starting a firm in the medical equipment industry. in the industry analysis tim has been? condu
    6·2 answers
  • Suppose you start saving for retirement by depositing $4,000 every year into your retirement account. If your annual return is 8
    8·1 answer
  • What are 6 major forms of direct marketing?
    9·1 answer
  • One reason some manufacturing companies have moved production from overseas locations back to the United States is an increasing
    12·1 answer
  • What is a personal financial statement?
    6·1 answer
  • What is an​ activity-based approach to designing a costing​ system?
    11·1 answer
  • Mary Stahley invested $4500 in a 48-month certificate of deposit (CD) that earned 9.5% annual simple interest. When the CD matur
    9·1 answer
  • According to Okun's law, when cyclical unemployment increases by one percentage point, the recessionary gap ______ by ______ per
    7·1 answer
  • Which 2 statements are true about payment links in QuickBooks<br> Online?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!