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Arte-miy333 [17]
3 years ago
11

Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of

$62,180. She would like to buy a new car and is considering using the funds from her Roth IRA. If she withdraws $20,000 from her account, she will Group of answer choices
Business
1 answer:
Vika [28.1K]3 years ago
6 0

Answer:

b. not have to pay taxes on her withdrawal

Explanation:

Options are <em>"a. pay $6,000 in taxes b. not have to pay taxes on her withdrawal, c. have to pay payroll taxes. d. have to pay a 10% penalty on her withdrawal."</em>

<em />

For the year 2020, if the age of the person making the withdrawal is more than 59 1/2 years and the balance in Roth IRA account is kept for more than 5 years then, the funds in such account can be withdrew without any taxes and penalties and that too without any conditional requirements.

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when a company will reduce the number of projects they have to manage internally to only core projects and send noncritical proj
kolezko [41]

When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called outsourcing.

Outsourcing is the business exercise of hiring a party outdoor a company to carry out offerings or create goods that were traditionally completed in-house through the enterprise's very own personnel and personnel. Outsourcing is a practice generally undertaken by businesses as a price-reducing measure.

Some commonplace outsourcing activities encompass human useful resource control, centers control, supply chain control, accounting, customer support and service, advertising, pc aided design, research, design, content material writing, engineering, diagnostic offerings, and felony documentation.”

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8 0
10 months ago
Four ways in which the kruger national park combats rhino poaching
alina1380 [7]
As I remember it correctly four strategies <span>in which the kruger national park combats rhino poaching sound like that:
*Restricted trade in rhino horn;
*Unrestricted trade in rhino horn;
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5 0
3 years ago
What is the name of the economic system where the government, or another central administration, regulates supply and prices?
MrMuchimi
It is called centrally-planned economy or command economy 
5 0
3 years ago
Financial statement data for years ending December 31 for tango company follow
maxonik [38]

The inventory turnover for Tango company are: 4.8, 5.3.

<h3>Inventory turnover</h3>

Using this formula

Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)

20Y7

Inventory Turnover =$3,864,000 /($770,000+$840,000)/2

Inventory Turnover=$3,864,000/$805,000

Inventory Turnover=4.8

20Y6

Inventory Turnover = $4,001,500 /($740,000+$770,000)/2

Inventory Turnover= $4,001,500 /$755,000

Inventory Turnover=5.3

Therefore the inventory turnover for Tango company are: 4.8, 5.3.

The complete question is:

Financial statement data for years ending December 31 for tango company follow

20Y7  20Y6

Cost of goods sold $3,864,000  $4,001,500

Inventories:

Beginning  of year 770,000  740,000

End of year  840,000  770,000

Determine the turnover for 20Y7 and 20Y6.

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8 0
2 years ago
"Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interes
Irina-Kira [14]

Answer:

The amount of investment should be $1926.891 approximately

<u>Explanation:</u>

The following formula has been used to calculate the amount of investment

A = P(1+r/100) ^n

where: A = future value , P = present value , R = rate of interest , N = time period

Hence , applying the formula, we get,

$5500 = P (1+6/100) ^18

Hence P=$5500/ (1.06) ^18

=$1926.891(approx)

7 0
3 years ago
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