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
Ivanshal [37]
3 years ago
10

Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. How

much of these funds may Jimmy withdraw tax-free?
Business
1 answer:
azamat3 years ago
3 0

Answer:

Jimmy may withdraw $112,000 tax-free.

Explanation:

Jimmy's Roth IRA is a special retirement account where he has paid taxes on money going into the retirement account.  Then all future withdrawals are tax-free.  Jimmy can choose Roth IRAs when he considers that his taxes will be higher in retirement than they are at the time of the contributions.  It is important to note that Jimmy cannot contribute to a Roth IRA if he makes too much money, instead, he will be required to contribute to a traditional IRA where taxes are paid during withdrawal.

You might be interested in
Explain the difference between Motivation and engagement
serious [3.7K]

Answer:

Engagement is a sense of purpose, belonging, and commitment to an organization, whereas motivation is the willpower and drive to act on those feelings.

Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity

Explanation:

Internal motivation may lead us to take some action; for many, engagement refers to what we experience during the activity.

3 0
2 years ago
Read 2 more answers
Builders, inc., agrees to construct an office building for champ fitness clubs, inc. the project proceeds according to plan, but
adell [148]

Answer: option D is correct

Explanation:

Since the quit notice is not the builders fault, the termination of contract can filed on the bases of determination where the client client has to pay profit and losses incurred until the moment of termination.

7 0
3 years ago
What is the difference between independent variables and dependent variables in a spreadsheet?
kirill115 [55]
On a spreadsheet there are two types of variables independent and dependent. Independent variables refer to those that can be changed and their value that is changing. A dependent variable is something that remains the same and the value of it does not change. 
6 0
2 years ago
A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita
kondaur [170]

Answer: The statement is <u>TRUE.</u>

Financial intermediaries are those people or companies that offer financial services to the investor without the latter having to contact the issuer of the financial instrument.

Its function is that of intermediation between people who save and people who need financing, that is, between buyers and sellers.

4 0
2 years ago
The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans​
devlian [24]

Answer:

Prior to 1990, there were a number of nurseries within the valley as well as a few outside that cultivated flowers, but the trend then was more towards producing potted plants, seeds, bulbs and suchlike. There was no large market for cut flowers of the variety available now, in part because there was very little demand due to a lack of market exposure to cut flowers. People in Kathmandu just did not use them on a regular basis. According to nursery owners, there was at that time only a small demand amongst the expatriate community and amongst the Indian community. On November 15 1992 however, the Floriculture Association of Nepal or FAN was formed, and this marked the beginning of the floriculture industry in Nepal.

FAN was formed by 11 nursery owners with the objective of promoting and enhancing the floriculture industry and the emergence of flowers in the Katmandu market can in fact be attributed to the training in flower arrangement that FAN conducted in 1993. Following this training, they initiated the opening of a wholesale market and the support FAN gave to the organization 'Women in Floriculture' project enabled several entrepreneurs to set up flower retail outlets. This supply driven demand resulted in flowers being made available in the market and the market responded by taking up this supply. Business has since improved as demonstrated by the change in demand from around 100 rose stems a day in 1992 to 3000 stems in 2003 and from 100 gladiolus stems  in 1992 to 6000 in 2003. Figures from FAN put the total sale of cut flowers at 10 million in 1992, which went up to 70.2 million in 2003.

The domestic market for cut flowers is in fact increasing according to Suresh Bhakta Shrestha of Standard Nursery in Bansbari. He says that in 1993 150 thousand Nepali Rupees was the total turnover for all the shops that sold flowers in Kathmandu. This figure is now around 80 to a 100 thousand Rupees per month per shop! Latest figures also suggest that there are there are currently around 300 nurseries and 40 retail shops within the Kathmandu valley. This information suggests that floriculture has grown very rapidly and that the flower culture here continues to grow.

Explanation:

6 0
3 years ago
Other questions:
  • Which savings account can a financial institution end?​
    13·1 answer
  • A country’s real gdp rose from 500 to 550 while its nominal gdp rose from 600 to 770. what was this country’s inflation rate?
    6·1 answer
  • Cassie has three criteria for her career. She would like to make at least $60,000 a year at the height of her career. She would
    8·1 answer
  • Suppose the Carolina Panthers football team lowers ticket prices by 20 percent and, as a result, the quantity of tickets demande
    10·1 answer
  • A property is sold for $150,000 with the buyer agrees to assume an existing loan of $98,000 and executing a second note and deed
    7·1 answer
  • A career plan should include all of the following EXCEPT:
    11·2 answers
  • A sedentary lifestyle is one that is characterized by high levels of physical activity.
    14·1 answer
  • Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
    13·1 answer
  • Overall what statement is most true of Judith
    9·1 answer
  • What are two inputs to the solution vision?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!