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Norma-Jean [14]
3 years ago
13

You can always withdraw the money you have contributed to a Roth IRA without paying taxes on the withdrawal because you have alr

eady paid taxes on the original contribution. If you are younger than 59 and a half years old and opened your Roth IRA at least five years ago, you can also withdraw up to $10,000 of your Roth IRA earnings (that is, money earned from your contributions) without paying any taxes on the earnings as long you:Earned less than $100.000 the previous yearAre currently marriedMoved out of your parents’ home in the last 12 monthsWere Employed at the time of the withdrawalAre Buying your first home
Business
1 answer:
Citrus2011 [14]3 years ago
7 0

Answer:

The correct answer is letter "E": are buying your first home.

Explanation:

Roth IRAs are tax advantage retirements accounts that allow withdrawals free of taxes. This happens since taxes are paid at the moment when the funds are being deposited in the account. To make withdrawals, certain requirements must be met. In the first place, the account must be 5 years old or older. If so, only qualified life events will make the withdrawal possible such as:

  • <em>Turning 59 1/2 years old </em>
  • <em>Permanent disability </em>
  • <em>Passing away (beneficiaries will be in charge of the withdrawal) </em>
  • <em>Buying, building or repairing your first home (maximum withdrawal of $10 000).</em>
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As a manager of a retail-clothing store, Lance favors detailed job descriptions, formal rules and regulations, detailed records,
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Answer:

MAX WEBER

Explanation:

Legal domination, its purest type is bureaucratic domination, is based on the fact that any right can be created and modified by means of a statute sanctioned correctly in terms of form, that is, through this type of domination the ruling class uses legal bodies to achieve its goal of maintaining domain control.

In a position, his performance demands all the performance of the official; This means that whoever occupies the position must be efficient in their functions, therefore a high level of performance is expected from the leaders of the bureaucratic organization.

6 0
3 years ago
If you are willing to purchase a house for $500,000 and you purchase the house for $500,000, this transaction will generate:
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Answer:

c. $0 worth of buyer surplus and unknown amount of seller surplus

Explanation:

Given that

Selling price of house = $500,000

The purchase value of house =$500,000

By considering the above information,  the purchase and sales value are the same which reflects that the buyer surplus is zero and there is no definite amount or unknown amount of seller surplus as the data is not given.

Hence, the correct option is c.  

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3 years ago
Tracing a test count to the inventory compilations provides evidence for which asb balance assertion?
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The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.

<h3>What do you know about holding cash?</h3>

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2 years ago
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Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

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