User Account

All Pages

What employer contribution rate can be applied

Assignment Help Accounting Basics
Reference no: EM133188867

Questions -

a- In the current year, a beneficiary receives a distribution from a 529 Savings Plan in the amount of $50,000. $12,000 of the $50,000 represents distributed earnings. If the beneficiary's qualified education expense paid during the current year equal $40,000, what portion of the distribution is taxable?

b- Tom Couch participates in his employer's qualified retirement plan, which provides a 5 percent employer contribution formula. Tom's annual compensation is equal to $580,000. What employer contribution rate can be applied to Tom's compensation?

Reference no: EM133188867

Questions Cloud

Prepare journal entries that sydney retailing records : Recording sales, purchases, shipping, and returns-buyer and seller - Prepare Journal entries that Sydney Retailing (buyer) records for these three transactions
How long will you wait from now : You expect to receive $10,000 at graduation in two years. You plan on investing it at 11% until you have $75,000. How long will you wait from now
What coupon rate should the company set : Airbutus Co. wants to issue new 20-year bonds for some much-needed expansion projects. What coupon rate should the company set
Prepare the statement of partners equity as of december : Income Summary Shared equally among partners 180,000. Prepare the Statement of Partners' Equity as of December 31, 2021
What employer contribution rate can be applied : Tom's annual compensation is equal to $580,000. What employer contribution rate can be applied to Tom's compensation
Compute the value of the lease liability to the lessee : Amsterdam Leasing Company agrees to lease machinery to Harrisburg Corporation on January 1, 2019. Compute the value of the lease liability to the lessee
Calculate the production volume ratio : The operations manager at Pleasure Bakery budgeted to make 300,000 donuts for the month of April. Calculate the production volume ratio
What was the amount of the ending inventory : The gross profit rate on sales was 20%. Sales for the year were $2800000. What was the amount of the ending inventory
What would be the difference in capital allowances : What would be the difference in capital allowances for 2022 if this company were resident in Trinidad and Tobago instead of Jamaica for tax purposes

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