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igomit [66]
2 years ago
10

A 38-year-old investor places $25,000 into a single premium qualified deferred variable annuity. Twenty years later, with the ac

count valued at $72,000, the investor withdraws $50,000. If the investor is in the 25% marginal income tax bracket, the total tax liability is
Business
1 answer:
Bad White [126]2 years ago
6 0

The total tax liability is $12,500.

<h3>What is the total tax liability? </h3>

Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax.  Also, because the investor is less than 59.5 years, the investor pays an additional tax of 10%.

The effective total tax = 25% + 10% = 35%

Total tax liability = 25% x $50,000

= 0.25 x $25,000 = $12,500

To learn more about taxes, please check: brainly.com/question/25311567

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denis-greek [22]

Answer:

D) Facilitative

Explanation:

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In the question above, the given statement represents a facilitative decision-making style.

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3 years ago
An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis
Mrac [35]

Answer:

$ 7.5 million

Explanation:

The investment bank will have a loss which = ( 9.75 - 10.50 ) × 10 million = $ - 7.5 million

7 0
3 years ago
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attashe74 [19]

Answer: Management

Explanation:

Management ensures that organizational goals are met. The management plans, leads, control and organizes in order to ensure goals are achieved.

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7 0
3 years ago
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madreJ [45]

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The determination of depreciation as a direct or indirect cost depends upon what it is associated with. For example carpet cleaning is an Indirect costs because it's precise benefits to a specific project is difficult or impossible to trace Also,since depreciation is a fixed cost, because it recurs in the same amount per period throughout the useful life of an asset then cost of the depreciation on the carpet cleaning is a Fixed Indirect Cost.

8 0
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Elanso [62]

Answer:

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E.g. - the idea of exclusivity air a personalized approach.

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3 years ago
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