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vladimir2022 [97]
2 years ago
6

Arthur, age 50, made total Roth IRA contributions of $50,000 and had never previously taken a distribution. If he took a nonqual

ified Roth IRA distribution of $60,000, requiring him to recognize $10,000 of income, what tax penalty will be imposed if no exception to the penalty applies?.
Business
1 answer:
solniwko [45]2 years ago
5 0

Based on the information given, it should be noted that the tax penalty that will be imposed will be $600.

From the information given, Arthur made total Roth IRA contributions of $50,000 and he took a nonqualified Roth IRA distribution of $60,000, requiring him to recognize $10,000 of income.

It should be noted that he has taken an excess of $10000 and the penalty is equal to 6% of the amount taken. This will be:

= 6% × $10000

= $600

In conclusion, the correct option is $600.

Learn more about tax on:

brainly.com/question/1775528

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The selling price is higher than the markup because the markup startes with m and higher starts with H so that implies that the higher is higher because h is the first letter than the alphabet tham m hope this helps mister :P

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4 years ago
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To determine the outcomes of the HR functions at Veranda International, several top-level managers suggest conducting a formal r
ASHA 777 [7]

Answer:

The correct answer is:  HR audit.

Explanation:

An HR audit is the evaluation of the performance of the Human Resources (<em>HR</em>) department and the overall practices that are carried out by the workers in that area. Policies, procedures, documentation, and systems will allow the evaluators to find the department's strengths and points for improvement.

3 0
3 years ago
If the slope of a straight line is 6 and if Y (the variable on the vertical axis) decreases by 60, then X (the variable on the h
GarryVolchara [31]

Answer:

\Delta x = \frac{-60}{6}=-10

So then the correct answer on this case would be:

D) decreases by 10.

Explanation:

For this case we assume that we have a linear model given by this expression:

y = mx+b

Where m is the slope on this case m=6 and b the intercept.

So our model is given by: y = 6x +b

We want to see that if we decrease the value of y on 60 units what would be the change on the x axis.

Let's assume that we have two points y_i = 6 x_i + b and y_f = 6 x_f +b

If we find the differences between those points we got:

y_f - y_i = 6x_f +b -6x_i -b = 6 (x_f -x_i)

And we can rewrite this like that:

\Delta y = 6 \Delta x

And if we know that Delta y =-60 then we can solve \Delta x like this:

\Delta x = \frac{-60}{6}=-10

So then the correct answer on this case would be:

D) decreases by 10.

4 0
4 years ago
castle borrowed $5,000 from nelson and executed and delivered to nelson a promissory note for $5,000 due on april 30. on april 1
Snowcat [4.5K]

Castle borrowed $5,000 from Nelson and executed and delivered to Nelson a promissory note for $5,000 due on April 30. On April 1 Castle offered, and Nelson accepted, $4,000 in full satisfaction of the note. On May 15 Nelson demanded that Castle pay the $1,000 balance on the note. Castle refused. If Nelson sued for the $1,00 balance Castle would Win because the acceptance by Nelson of the $5,000 constituted an accord and satisfaction.

An example of balance is walking on a tightrope. An example of balance is when a person divides their time evenly between work, family, and personal enjoyment. A balanced example is someone who doesn't get too upset and isn't bothered by small things.

1: Stable Posture or Position The gymnast was in balance. 2: a little left: rest He has used up the rest of his pocket money. 3: Instruments for weighing. 4: A state of balance between work and pleasure. 5: Amount in a bank account.

Learn more about  balance here

https://brainly.in/question/2078769

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4 0
2 years ago
Which steps are part of doing a cost-benefit analysis? Select three options. Predicting costs identifying outcomes comparing cos
GuDViN [60]

There are several steps in a cost-benefit analysis including:

  • Identifying outcomes
  • Comparing costs
  • Calculating costs

A cost benefit analysis allows one to weigh the benefits of an opportunity against its costs to see if the opportunity is worth it. It involves identifying the outcomes of the opportunity such as a success or failure.

One also has to calculate the various costs based on outcomes and then compare these costs to determine the best path forward.

In conclusion, a cost-benefit analysis has one identifying outcomes and calculating and comparing costs.

<em>Find out more at brainly.com/question/16826587. </em>

7 0
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