A 55 year old woman wishes to remove funds from her Individual Retirement Account to remodel her house. The customer is subject
1 answer:
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Answer:
Explanation:
Idirect labor 1
Indirect materials 0.7
Utilities 0.4
fixed per month
supervision 4,200
Dep 1,800
property taxes 600
Units produced
We multiply the variable components rate by the units produced. Then we calcualte the variances
Answer:
amount of taxable interest income that Karen report for 2018 = 0
Amortization per year = $100
Adjusted basis = $ 10,900
Explanation:
given data
face value = $10,000
purchased the bond = $11,000
interest rate = 4%
solution
we know here that City of Richmond bonds that is tax exempted
so that amount of taxable interest income that Karen report for 2018 = 0
and
as Premium on the bond is
Premium on the bond = purchased the bond - face value
Premium on the bond = 11,000 - 10,000 = 1,000
and here time Period = 10 years ( January 1, 2018 to December 31, 2027 )
so Amortization per year is
Amortization per year =
Amortization per year = $100
so
Adjusted basis will be = Purchase price - Premium amortized
Adjusted basis = 11,000 - 100
Adjusted basis = $ 10,900