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
KiRa [710]
2 years ago
14

William (71), a retired single taxpayer, received a monthly pension of $2,500 ($30,000 annually). He did not contribute any afte

r-tax dollars to the plan while he was working; his employer paid all the costs. William received a 2020 Form 1099-R reporting a gross distribution of $30,000 in box 1, but box 2 of the form is blank. How much of William's pension distribution is taxable
Business
1 answer:
IceJOKER [234]2 years ago
4 0

Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.

From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.

It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income

Therefore, the taxable amount will be $30000.

Learn more about taxes on:

brainly.com/question/1657264

You might be interested in
Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and
Charra [1.4K]

Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

  • Exit:<em> implies quitting or requesting a change of roles within the same organization. </em>
  • Voice: <em>involves providing constructive suggestions about a stressful situation. </em>
  • Loyalty:<em> implies waiting for the issue to be solved by others. </em>
  • Neglect:<em> involves reducing labor efficiency to harm the company's performance. </em>

Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.

4 0
2 years ago
In general, it is a bad move for a company to produce more of a good or service if, by doing so,a. marginal cost exceeds margina
scoray [572]

Answer:

The correct option here is A) marginal cost exceeds marginal revenue

Explanation:

When a company is producing more goods and services, it becomes a bad move because at this point company's marginal cost starts exceeding the marginal revenue , which means with each additional units a company is producing it is losing profit on that unit, so it is better for a company to produce less and try to find that level of output where its marginal cost and revenue are equal because at that level, company would be able to make optimal profits.

7 0
3 years ago
The sales manager for Tetsu, Inc., a Japanese maker of electronic components has just returned from the very price-sensitive USA
d1i1m1o1n [39]

Answer:

The correct answer is letter "B": Accept the USA distributor demand. It is even better for Tetsu compared to Japan.

Explanation:

Considering both the distributors in Japan and the U.S. request a 20% margin for the retails of Tetsu's devices, accepting the offer of the U.S. company represents a good deal. Businesses are not handled the same in Japan and the U.S. Both countries have different policies. Tetsu must consider that the U.S. is a bigger market and that its devices are imported in the U.S., implying there could be tariffs imposed. Tough, if the U.S. distributor requests the same margin a Japanese distributor does to start businesses, <em>the deal will be in Tetsu's favor</em>.

8 0
2 years ago
Naomi plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent. How much will she have in her account a
Gre4nikov [31]

D. $2,333,572

To find the future value of annuity ordinary the formula is

Fv=pmt [(1+r)^(n)-1)÷r]

Fv future value?

PMT payment per year 3000

R interest rate 0.1025

N time 45 years

So

Fv=3,000×(((1+0.1025)^(45)−1) ÷(0.1025))=

<h2><u>$2,333,571.66 </u></h2>

Good luck!

7 0
3 years ago
How can a world-wide pandemic (a negative externality) lead to a disequilibrium in most markets?​
never [62]
Because the consumers are losing jobs, which leads to less purchases. Hope this helps!
6 0
2 years ago
Other questions:
  • ​"a measure of process​ performance; the ratio of outputs to​ inputs" is the definition of
    13·1 answer
  • When a business is considering whether to replace old equipment with newer equipment, the cost of operating the old equipment-co
    6·1 answer
  • Which targeting option allows you to re-engage with people who visited your site by serving them ads containing the products the
    5·1 answer
  • White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi
    10·1 answer
  • If a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be:
    11·1 answer
  • All of the following phrases describe a partnership except
    13·1 answer
  • The school newspaper surveyed 100 commuter students and asked two questions. First, students were asked how many courses they we
    10·1 answer
  • The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the
    6·1 answer
  • If someone introduces himself using a formal introduction, you should _____.
    12·1 answer
  • sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. he endorses the products and deposits his compe
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!