User Account

All Pages

What amount of the distribution is taxable

Assignment Help Financial Accounting
Reference no: EM132990321

Problem 1: Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $89,000 to her account. If Daniela receives a $59,000 distribution from the Roth IRA, what amount of the distribution is taxable?

Option 1: $0.
Option 2: $26,255.00.
Option 3: $32,745.00.
Option 4: $59,000.00.

Reference no: EM132990321

Questions Cloud

How a balanced scorecard can be used : Discuss how a balanced scorecard can be used to provide information to managers for decision-making purposes. Provide examples to justify your response
Evaluate the impact of information availability : Evaluate the impact of information availability on market efficiency in today's economy. Indicate whether it has a positive or negative impact on most companies
What amount of distribution is subject to early distribution : Over the years, she has contributed $21,600 to her account. What amount of the distribution is taxable and subject to early distribution penalty?
State the null and alternative hypotheses : Are a certain sampled population of women in a poor urban setting as optimistic as women nationally?
What amount of the distribution is taxable : Daniela has contributed $89,000 to her account. If Daniela receives a $59,000 distribution from the Roth IRA, what amount of the distribution is taxable?
What is the Cash Flow DOL : Oriole's Soft Lemonade is starting to develop a new product for which the cash fixed costs are expected to be $80,000. What is the Cash Flow DOL
Calculate the Cash Flow DOL for this firm : EBIT of $215,000, and depreciation charges on its office furniture and computers of $5,000. Calculate the Cash Flow DOL for this firm
Evaluate the monthly payment for the contract : Evaluate the monthly payment for this contract. The AT&T store offers you a contract for your new phone with the present value of $300 with payments.
Continuing professional development requirements : Research on at least one Australian professional membership organisations under any one of the six Professions, and compare it with one equivalent/similar Profe

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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