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VikaD [51]
3 years ago
5

A 40-year old taxpayer has owned a Roth IRA for more than 5 years. A $10,000 distribution will be considered nonqualified if the

distribution was ______.
Business
1 answer:
olga_2 [115]3 years ago
8 0

Answer:

Your answer would be , ''used to pay for higher education expenses''

Explanation:

You might be interested in
Statutory employees :a. Include common law employees.b. Report their expenses as miscellaneous itemized deductions.c. Claim thei
Sindrei [870]

Answer:

c Claim their expenses as deductions for AGI.

Explanation:

Their costs are specified in Schedule C, not Form 2106 (Option). Although subject to Social Security tax, they are not subject to income tax withholding (option). Legitimate employees are not common law employees (selected). Costs for AGI will be reduced  

3 0
2 years ago
The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers
Viktor [21]

Answer:

C. $20,000

Explanation:

Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.

So, the listed price will be = 400,000 * 5%

= $20,000

Thus, the commission most likely paid to the real estate agent is $20,000

7 0
2 years ago
A company must be concerned about the creation of communication harmony. Nike uses the slogan "Just Do It." Consumers see this b
REY [17]

Answer:

Integrated marketing communications.

Explanation:

Integrated marketing communication is a technique used by companies to create a linked form of communications and messages. Talking in simple terms, integrated marketing communications help firms to integrate their all promotional tools and ensure that all tools work in harmony with each other.

Nike is an example of a company using the technique of integrated marketing communications.

By using the slogan 'Just do it' in all of their promotional tools, the company is ensuring harmony in all of its tools.

Therefore, integrated marketing communications is the correct answer.

8 0
2 years ago
Barron, Inc. is considering a four-year project that has an initial outlay or cost of $90,000. The future cash inflows from its
Rudiy27

Answer:

D. The IRR is about 22.80%

Explanation:

If we use excel instead of trial and error method, it is easy to determine the Internal rate of return. As there is no cost of capital, it is challenging to determine IRR through the trial and error method.

The following image shows the IRR of this project is 22.80%.

4 0
3 years ago
On September 1, 2021, Southwest Airlines borrows $40.6 million, of which $9.2 million is due next year. Show how Southwest Airli
BigorU [14]

Answer:

see below

Explanation:

Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods

Liabilities

Current liabilities

Accounts payable

Short term loans    <u>$31.4</u>

Total current liabilities  $31.4

Long liabilities

Long term debts   <u>$9.2</u>

Total long liabilities   $9.2

Total liabilities     $40.6

8 0
3 years ago
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