User Account

All Pages

How much of the first payment will Mary include

Assignment Help Accounting Basics
Reference no: EM132665935

Problem - Mary purchased an annuity that pays her $500 per month for the rest of her life. She paid $70,000 for the annuity. Based on IRS annuity tables, Mary's life expectancy is 16 years. How much of the first $500 payment will Mary include in her gross income (round to two decimals)?

a. $0

b. $135.42

c. $364.58

d. $500.00

Reference no: EM132665935

Questions Cloud

Compute the return on capital employed : Compute the Return on capital employed and Current ratio and quick ratioratios for Bajaj Auto Ltd., for the financial years 2018-19 and 2019-20
Show the effects of the adjusting entries on net earnings : Show the effects of the adjusting entries on net earnings and cash. Sutton Inc., a small service company, keeps its records without the help of an accountant.
Explain the collaboration or communication diagrams : Functional Specifications (including descriptions of Actors/Roles; Business Rules; Use-Case Diagrams with Use-Case descriptions; Examples of Class Diagrams.
Positive or negative impacts to business operations : What are the current positive or negative impacts to business operations involving the IT management processes?
How much of the first payment will Mary include : Mary's life expectancy is 16 years. How much of the first $500 payment will Mary include in her gross income (round to two decimals)
Introduces organization and business market : In your opening paper, include a paragraph that introduces the organization and the business market they serve.
Explain the mobile backend as a service : For the week 2 assignment write a one to two-page paper in APA format. Include references. Write about the topics listed below as they relate to Cloud Computing
Continuing your work with your organization : Continuing your work with your organization, research best practices for operational excellence based on the course readings.
What amount can Jake deduct as alimony for the current year : Residence as part of a property settlement 115,000. What amount can Jake deduct as alimony for the current year? Assume that the divorce occurred before 2019

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