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arsen [322]
2 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]2 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

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Elodia [21]

Answer:

As a part of CSR initiatives (or purely governmental), nurturing environmental beneficial factors is always a plus for the whole economy.

Decreasing pollution can further improve the tourism sector, and change property values by encouraging real estate in "green areas". Clean energy initiatives (wind and solar energy) have the ability to transform the whole energy industry, which is the input for most economy processes and businesses.

6 0
3 years ago
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year
nekit [7.7K]

Answer:

Profit margin = 9.74%

Explanation:

We know,

Profit Margin = (Net income after tax/Net sales) x 100

Profit margin is a profitability ratio that measures the company's overall performance. It also show how company performs financially.

Given,

Year 2,

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4 0
3 years ago
Flores Company, which uses labor hours to apply overhead to manufacturing, may have increased amounts of underapplied overhead a
4vir4ik [10]

Answer:

employees are hit hard with a widespread outbreak of the flu.

Explanation:

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8 0
3 years ago
Which of the following best describes horizontal analysis? comparing financial statement amounts from year to year for the same
iren [92.7K]

Answer:

Comparing financial statement amounts from year to year for the same company

Explanation:

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5 0
3 years ago
Which of the following is true of the Siemens bribery scandal? a not selected option a It stopped before the investigation began
Fiesta28 [93]

Answer:

The true statement about the Siemens bribery scandal is:

b The CEO was involved and condoned it.

Explanation:

The 2008 Siemens scandal was an organized and deliberate effort by the company to bribe government officials in order to secure supply contracts from national governments.  It was a worldwide act perpetrated by senior management officials with a long-term pattern.  The massive bribery  attracted a fine of $160 billion. It seems that bribery is an "embedded business culture in the company."

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3 years ago
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