subject
Business, 06.01.2020 20:31 niescarlosj

A62 year old client calls you to report that they have received news that they have earned $5,000 on a $30,000 fixed annuity. your client is wondering what the tax ramification will be on the $5,000. your client is in the 28% tax bracket. which of the following is correct with regard to this situation? [a] they will pay $750 on the long-term gain.[b] they will pay $1,400 on the earnings.[c] they will pay no tax unless the clients withdraw the earning from the annuity.[d] they will pay $2,500 on the earnings.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:00
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
question
Business, 22.06.2019 13:30
How does hipaa address employee’s access to e-phi?
Answers: 1
question
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
question
Business, 22.06.2019 15:30
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
You know the right answer?
A62 year old client calls you to report that they have received news that they have earned $5,000 on...
Questions
question
Mathematics, 22.02.2020 03:28
Questions on the website: 13722367