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3 years ago

Marilyn is age 66, if she receives a $15,000 taxable HSA distribution this year, what tax penalty, if any, will apply?

Business

1 answer:

Arada [10]3 years ago

5 0

Answer:

No penalty

Explanation:

The tax penalty is as follows

The HSA i.e. health saving account. It is opened so that the expenses related to the medical could be paid and the high health plan i.e. deductible (HDHP) would not covered here

In the case when rules are not followed so there is a penalty of 20%

Given that the amount taxable is $15,000

So here the penalty would be

= $15,000 × 20%

= $3,000

But since Marilyn age is 66 so there is no penalty as the penalty would be applied till the age of 65

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What is income elasticity onlyy

Lina20 [59]

Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.

It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Explanation:

Hope this helps!!

8 0

4 years ago

How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?

kati45 [8]

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the simple linear regression is predicted from one variable, the multiple regression is predicted for more than one of them.

5 0

3 years ago

The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sale 10 units 10 Purchase 30 units at $20 17

kolezko [41]

Answer:

= $490

Explanation:

Under the First-in-First-Out ( FIFO ) method of inventory valuation, inventories are valued using the price of the earliest batch in stock until the batch is exhausted when the price of the next oldest batch is used and so on.

Date sale units Workings Value

10 10 × $19 190

20 (10 × $19)+( 10 × $20) 390

The cost o he merchandise = $190 + $390

= $490

8 0

3 years ago

"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3.

Vilka [71]

Answer:

The correct answer is 3

Explanation:

Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.

So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.

8 0

3 years ago

A hamburger factory produces 60,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four y

Liono4ka [1.6K]

Answer:

A. 195 hamburgers

B. Yes

Explanation:

The computation is shown below:

A. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $13,500

Annual equipment cost

= $10,000 ÷ 4

= $2,500

So, the productivity measure is

= ($3,120,000) ÷ ($13,500 + $2,500)

= 195 hamburgers

B. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $11,000

Annual equipment cost

= $13,000 ÷ 5

= $2,600

So, the productivity measure is

= ($3,120,000) ÷ ($11,000 + $2,600)

= 229 hamburgers

Since the productivity is increased from 195 hamburgers to 229 hamburgers so the equipment should be purchased.

7 0

3 years ago