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xeze [42]
3 years ago
5

In 2019, Rashaun (62 years old) retired and planned on immediately receiving distributions (making withdrawals) from his traditi

onal IRA account. The balance of his IRA account is $160,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $40,000 to the IRA. Of his $40,000 contributions, $30,000 was nondeductible and $10,000 was deductible. Assume Rashaun did not make any contributions to the account during 2019.a. If Rashaun currently withdraws $20,000 from the IRA, how much tax will he be required to pay on the withdrawal if his marginal tax rate is 25 percent?

Business
1 answer:
lubasha [3.4K]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Daniel watched the 95-year-old actor Kirk Douglas present the Oscar for Best Supporting Actress in 2011. Daniel became frustrate
8_murik_8 [283]

Answer:

daniel should have focused on the message and not on the way it was delivered.

Explanation:

If Daniel had focused more on getting the message that was being passed by Kirk Douglas, he would have enjoyed the show more.

But in this case he was more focused on how Kirk Douglas was not accurately forming his words. The more he listened the more frustrated he became.

5 0
3 years ago
Bristlebird Corporation (E&P of $700,000) has 3,000 shares of common stock outstanding. Juan owns 1,500 shares and his wife,
Schach [20]

Answer:

The correct answer is

Juan has dividend income of $250,000.

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6 0
3 years ago
If actions of the chinese government caused a shortage of domestic currency, then the exchange rate would be
irinina [24]

this will reduce the supply of china's domestic currency which would <u>contract the supply curve of the domestic currency (of china)</u> thus would <u>create demand</u> and thus <u>increasing the exchange rate in comparison to foreign currencies</u> thus leading to <u>appreciation of china's domestic currency in relation to foreign currencies.</u>

4 0
3 years ago
Josephine is a teenager who works part-time to make money to pay for the upkeep of her car, gasoline, and car insurance. she als
tino4ka555 [31]

Answer:

The correct answer is: in retail.

Explanation:

To begin with, if Josephine is a teenager who works part-time to make money for her own expenses and also she is like most of american youth who hold part-time jobs then the most probable place to work is in retail, where many teenagers are required due to the fact that the majority of the jobs given in that area are for people who do not need many skills or abilities and therefore that the common action to take is to hire young people to pay low salaries for part-time jobs.

5 0
3 years ago
Read 2 more answers
When customers start getting sick after eating at a popular new restaurant, the management is worried. The Centers for Disease C
Naddik [55]

A majority decision strategy would be most effective in this situation.

Explanation:

The concept of majority is a system of judgement which chooses alternatives that have a majority, which means more than half the votes.

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The majority oppression (or collective tyranny) is a flaw that is undoubtedly implicit in majority government, in which the majority of voters seek their own interests at the expense of those within the minority exclusively.

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6 0
2 years ago
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