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Irina-Kira [14]
2 years ago
8

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]2 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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Explanation:

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ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.

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Answer:

Explanation:

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1. Using current software:

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2.

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A face-saving technique in which all parties involved in an embarrassing situation ignore it and continue their
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The correct answer is a.

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Have a nice day!

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1,1. What is a Fixed Asset Register.Explain how this document assists
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