Business, 25.04.2020 00:33 ineedhelp2285
Roger converted all $100,000 in his Traditional IRA to his Roth IRA on December 1, 2016. Of which $20,000 of the amount converted was his adjusted basis. Roger included $80,000 ($100,000 - $20,000) in his gross income on his Form 1040 in 2016 for the Roth conversion. On April 5th, 2020, Roger made a regular contribution of $5,000 to a Roth IRA for the 2019 year. Roger took a $150,000 distribution from his Roth IRA on July 31st, 2020 to purchase a once-in-a-lifetime trip around the world vacation for his 61st birthday present to himself. How is the $150,000 distribution taxed if the value of the account just before the distribution equals $200,000
Answers: 1
Business, 21.06.2019 13:00
Druganaut company buys a $21,000 van on credit. the transaction will affect the
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Business, 21.06.2019 15:20
What is the purpose of taking a personality inventory assessment? a. to find out what personality traits you should acquire for a successful career b. to identify your personality traits and relate them to a suitable career c. to compare your personality traits with those of successful people in different careers d. to identify aspects of your personality that you can improve with the of a counselor
Answers: 3
Business, 22.06.2019 03:00
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.
Answers: 3
Business, 22.06.2019 03:30
Joe said âyour speech was really great, i loved it.â his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics
Answers: 2
Roger converted all $100,000 in his Traditional IRA to his Roth IRA on December 1, 2016. Of which $2...
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