User Account

All Pages

Calculate the taxable portion of max distribution

Assignment Help Accounting Basics
Reference no: EM131815165

Question - Max retired in 2011 at age 62. During the year he received distributions of 9,000 from his IRA in prior year and has never received a nontaxable distribution as of December 31, 2011 the value of his IRA was 150,000 calculate the taxable portion of max's distribution.

a-0

b-1,132

c-7,868

d-9,000

Reference no: EM131815165

Questions Cloud

Determine the effective annual rate : calculate the future value if $6,000 is deposited initially at 11?% annual interest for 6 years and determine the effective annual rate
Capital-intensive manufacturing method : Capital-intensive manufacturing method, Labor-intensive manufacturing method
Mutual rated personal finance a top priority : Northwestern Mutual rated personal finance a top priority (second only to personal health), and the majority felt their financial planning
Computing cost of goods sold in a periodic inventory system : Computing cost of goods sold in a periodic inventory system X Wholesale Company began the year with merchandise inventory of $11,000.
Calculate the taxable portion of max distribution : Nontaxable distribution as of December 31, 2011 the value of his IRA was 150,000 calculate the taxable portion of max's distribution
Franklin mints management can expect on project : Management of Franklin Mints, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $310,439.
What is leverage and how does it work : What is leverage and how does it work? Why do we need the quick ratio when we have the current ratio?
Determining the valuation of shares : Ram Shack Ltd has just paid a dividend of $3.00 a share. Investors require a 13% per annum return on investments such as Ram Shack.
Determine the annual break-even point : Determine the annual break-even point, in number of haircuts, Find the contribution margin per hair cut assume the barber's compensation is a fixed cost

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd