User Account

All Pages

How much of the distribution will be taxable to Mindy

Assignment Help Accounting Basics
Reference no: EM132704204

Problem - Mindy has a Roth IRA held longer than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mindy is 55 years old and she takes a distribution of $38,000 after retiring on disability. How much of the distribution will be taxable to Mindy?

a. $0

b. $8,000

c. $30,000

d. $38,000

e. Some other amount

Reference no: EM132704204

Questions Cloud

Discuss the problem based on the health care : Keep in mind that health care does not only occur in healthcare systems, but where people live, work, learn, and play. Public health nurses have the ability.
How much should Wilma deduct as an itemized deduction : How much should Wilma deduct as an itemized deduction for state income taxes on her 2018 federal income tax return
How the psqrd framework might have been better used : Discuss how the PSQRD framework might have been better used during this project's planning phase to identify strategies that promote the adoption.
Mean to viability of medicare and medicaid : How the recipients of these programs be categorized into different risk pools? Explain. What does that mean to the viability of Medicare and Medicaid?
How much of the distribution will be taxable to Mindy : Mindy is 55 years old and she takes a distribution of $38,000 after retiring on disability. How much of the distribution will be taxable to Mindy
How they are attempts to balance order and liberty : Choose three public policies that currently exist and explain how they are attempts to balance "order" and "liberty."
Implement the designed system on a public cloud : Implement the designed system on a public cloud. You could use any cloud system you prefer as long as it has public access
How much of the distribution will be taxable to Marge : The IRA has a current value of $62,000. Marge is 65 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Marge
How much of the distribution will be taxable to Mary : The IRA has a current value of $62,000. Mary is 55 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Mary

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