Answer:
(D) $4,000
Explanation:
Initial amount distributed is $31,000
Earnings and Profit (E & P) $25,000
Therefore, Distribution in excess of earnings and Profit would be;
= Initial amount distributed - Earnings and Profit
=$31,000 - $25,000
=$6,000
Sally basis in her Dixie stock after the distribution would be ;
= Basis - Excess distribution
=$10,000 - $6,000
=$4,000
Answer:
ill do it of you make it more readable
Explanation:
I believe the correct answer among the choices is:
b) They do not capture most nonmarket economic activity
<span>The National Income and Product Accounts or NIPA is one
of the main sources of the data on general economic activity in the United States.
The greatest drawback to this is that it is only a prediction, it does not
really reflect all the acitivities.</span>
Answer: Establish a revocable living trust.
Explanation:
A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.
Answer:
$199,149.08
Explanation:
a = 100, i=0.06/12=0.005, n=40*12=480, FVA = Future value of annuity
FVA = A*[(1+i)^n - 1/ i]
FVA = 100 * [(1+0.005)^480 - 1 / 0.005]
FVA = 100 * [9.957454/ 0.005]
FVA = 100 * 1991.4908
FVA = $199,149.08
So, the amount that will be in his account when he retires at age 62 is $199,149.08.
