User Account

All Pages

What is George tax-free return of capital

Assignment Help Accounting Basics
Reference no: EM132705558

Problem - George receives a $1,500 distribution from his educational savings account. He uses $1,200 to pay for qualified higher education expenses. Immediately prior to the distribution, George's account balance is $5,000, $3,000 of which is his contributions. What is George's tax-free return of capital from the distribution?

a. $1,500

b. $1,200

c. $900

d. $750

e. $600

Reference no: EM132705558

Questions Cloud

How evangelical impulses may have undercut economic argument : How evangelical impulses may have undercut or supported economic arguments. Take at least two of the arguments you think are most important
Discuss about how infants understand social referencing : Explain what the Still Face Experiment tells us about how infants understand social referencing. Discuss the lasting impacts that growing up in a negative.
What amount of income must Larry report : Dana earns a salary of $45,000 and Larry has $25,000 of rental income from his separate property. What amount of income must Larry report
How covid has changed work and learning : You should pick some specific angle on the issue, How Covid has changed work and learning, or how the risks posed by Covid are experienced unequally.
What is George tax-free return of capital : George's account balance is $5,000, $3,000 of which is his contributions. What is George's tax-free return of capital from the distribution
What is meant by the social construction of race with : What is meant by the social construction of race with what is meant by the social construction of ethnicity and what is meant by social construction of gender
Pros and cons in the debate about the amendment : Explain the main pros and cons in the debate about the amendment. Evaluate the proposed amendment from two perspectives:
Calculate the maximum contribution Carl is allowed : During 2018, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000. Calculate the maximum contribution Carl is allowed
About the american approach to foreign-policy making : What is unique about the American approach to foreign-policy making (handout)?

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