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3 years ago

If you choose a Roth IRA, how much income will you pay taxes on?

Business

1 answer:

eduard3 years ago

5 0

Answer:

the investment earnings in the account are tax-free. Also, when you reach age 59½ and have had the account open for at least five years, withdrawals are tax-free.

Explanation:

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The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenu

pogonyaev

Complete Question:

Apply the accounting equation; construct a balance sheet) The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):

Complete Table is in the attachment given at the end of the answer.

Requirement 1.

Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

<h2>Answer:</h2>

Balance Sheet of Jill Carlson Realty Company, as of January 31, 2018

<h2>ASSETS</h2>

Current Assets

Cash $57.2

Receivables $0.5

Non Current Assets

Investment Assets $79.4

Property, Plant and Equipment $1.6

Other Assets $9.3

Total Assets $148

<h2>LIABILITIES</h2>

Current Liabilities $2.9

Non Current Liabilities $102.6

Total Liabilities $105.5

EQUITY

Common Stock $39.2

Closing Retained Earnings (Step1) $3.3

Total Equity $42.5

Step 1: Find Closing Retained Earnings

As we know that:

Closing Retained Earnings = Total Assets - Total Liabilities - Common Stock

Here

Total Assets is $148 million

Total liabilities is $105.5 million

Common Stock is $39.2 million

By putting these values in the above equation, we have:

Closing Retained Earnings = $148 million - $105.5 million - $39.2 million

Closing Retained Earnings = $3.3 million

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3 years ago

True or false: shopping ads can appear at the same time as text ads, allowing shoppers to find the best match before clicking th

morpeh [17]

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3 years ago

The major advantage of using bloom's taxonomy in developing objectives is that the taxonomy: helps in the formulation of criteri

baherus [9]

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3 years ago

15 POINTS IF U ANSWER NOW!!!!! Which non-income factor for a potential job promotion would influence a person whose mother needs

Verdich [7]

Answer:

D. Family

Explanation:

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3 years ago

Refer to Exhibit 9.3, which shows the cost and revenue curves for a non-discriminating monopolist. The total cost incurred by th

Gnom [1K]

Answer: $19,800

Explanation;

The Monopolist will maximize output at the point where Marginal Revenue equals Marginal Cost because at this point all resources are being fully utilized.

Total Cost = Average Total Cost * Quantity produced

At the point where MR=MC, the quantity produced is 1,100 units.

The Average Total Cost tallying with this is $18 per unit.

Total Cost = 18 * 1,100

= $19,800

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3 years ago