Answer:
$376,000
Explanation:
Because Frank satisfies the five-year holding period requirement for a Roth IRA. Now he is over age 59 1/2 at the time of the distribution. Now he met the AGI limitations at the time of his contributions and that is why all of the funds may be withdrawn tax-free.
The account is now worth $376,000 is the funds can Frank withdraw tax-free is $376,000
Answer:
Find attached complete question:
Year 1:
Preferred stock dividends is $760
common stock is $0
Year 2:
Preferred stock dividends is $1,792
Common stock dividends is $408
Explanation:
The dividends paid as found in the attached were:
Year 1 $760
Year 2 $2,200
Preferred stock dividends =$2*5800*11%=$1276
Hence in the year the $760 would be paid preferred stockholders leaving a balance of $516 ($1,276-$760) to be paid next year.
preferred stock dividends in the second year=$516+$1276=$1,792
Common stock dividends in year 2=$2,200-$1,792=$408
Answer:
descriptive_ research.
Explanation:
It should opt for _descriptive_ research.
Descriptive research can be defined as is research method i that describe the characteristics of the population or the phenomenon being studied. In this phenomenon the main focus is on WHAT of the research than on the WHY. In the above example also the same act is being done hence the descriptive research