1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
2 years ago
5

Vivian (28) is the beneficiary of her deceased grandmother's traditional IRA. She received a Form 1099-R reporting the $10,000 g

ross distribution. The form had a distribution code "4" in box 7, indicating that the distribution is due to death. What is the tax consequence of this distribution?
Law
1 answer:
cestrela7 [59]2 years ago
4 0

The tax consequence of the distribution is that the Gross distribution will be taxable income but Vivian may claim an exemption from the 10% additional tax on early distributions.

The tax consequence entails the amount of taxable income which must be contributed to the tax authorities.

Here, because she received a Form 1099-R reporting the $10,000 gross distribution, then, she is liable to pay tax.

In conclusion, the tax consequence of the distribution is that the Gross distribution will be taxable income but Vivian may claim an exemption from the 10% additional tax on early distributions.

Read more about taxable income

<em>brainly.com/question/25307637</em>

You might be interested in
Johnny loses his case in an Ohio trial court. He wishes to appeal his case decision. Which section of the diagram represents the
Vikentia [17]

Answer:

A: STATE TRIAL COURTS

B: INTERMEDIATE APPELATE COURTS

C: STATE SUPREME COURTS

D: U.S. SUPREME COURT

E: U.S. COURT OF APPEAL

F: U.S DISTRICT COURTS

1)  ANSWER: B

After the state court he should request hearing from The Intermidiate Apellate Courts.

2)  ANSWER: B

After the state court he should request hearing from The Intermidiate Apellate Courts.

3) ANSWER: D

The supreme court of justice has jurisdiction over ALL of the mentioned courts in the country.

4) ANSWER: D

The supreme court of justice has jurisdiction over ALL of the mentioned courts in the country.

5) ANSWER: A,B,C

A: State trial courts. B: Intermediate appellate courts. C: State Supreme Courts

6. ANSWER:

F: Federal courts that hear cases for the first time are the U.S District courts.

Explanation:

Hope it helps!

7 0
2 years ago
How can Congress check the President?
Phoenix [80]

mental you you are in the world You you

are biggest mental

5 0
2 years ago
Read 2 more answers
Examine the following cartoon. What does it suggest about U.S. foreign policy when
Mrac [35]

Answer:

ez blame it on the jews, kill the jews

Explanation:

it's self-explanatory

4 0
2 years ago
Read 2 more answers
Politics<br><br> ssssssssssssss
Leya [2.2K]

Answer:

what ??????????????????

3 0
3 years ago
HElpPpPP
zimovet [89]

group (aka kingdom), phylum, order, genus, species

6 0
3 years ago
Other questions:
  • Murder,assault, and robbery are labeled what kind of crimes? Because they are committed against persons.
    10·1 answer
  • Why does Article I of the Constitution forbid the government from passing ex post facto laws
    11·1 answer
  • Help please text timed ASAP !!
    7·2 answers
  • Why do people turn to drugs?​
    12·2 answers
  • Expliquen la siguiente frase: "La igualdad ante la ley no necesariamente garantiza igualdad de derechos para todas las personas
    14·1 answer
  • This site is absolute $h!7
    8·2 answers
  • The shift in Canada WW1 and after that year, PLEASE HELP VERY EASY WRITE A PARAGRAPH
    7·2 answers
  • Erin is a system administrator for a federal government agency. What law contains guidance on how she may operate a federal info
    7·1 answer
  • When can navigation rules be overlooked?
    8·1 answer
  • Most of the work of the attorney general involves ________ rather than ________. Multiple Choice ceremonial functions; executive
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!