Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

On April 30, Janet, age 42, received a distribution from her qualified plan of $150,000. She had an adjusted basis in the plan of $500,000 and the fair market value of the account as of April 30 was $625,000. find out the taxable amount of the distribution and any applicable penalty.

A. $30,000 taxable, $3,000 tax penalty
B. $30,000 taxable, $0 tax penalty
C. $120,000 taxable, $12,000 tax penalty
D. $150,000 taxable, $15,000 tax penalty

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M924358
  • Price:- $15

Guranteed 24 Hours Delivery, In Price:- $15

Have any Question? 


Related Questions in Basic Finance

1 are inventory ratios meaningful for utilities why2 what

1. Are inventory ratios meaningful for utilities? Why? 2. What does the funded debt to operating property ratio measure for a utility? 3. Is times interest earned meaningful for utilities? Why or why not? 4. For regulate ...

What are the various ways in which an individual may obtain

What are the various ways in which an individual may obtain the right to go on to the floor of an exchange and trade futures? What are daily price limits, and why are they used? What are circuit breakers? What are their ...

How would a relatively high home inflation rate affect the

How would a relatively high home inflation rate affect the home country's current account, all other thing being equal? How would you expect a weakening home currency to affect the home country's current account, all oth ...

Microsoft has a bond outstanding symbol msftgb with a 420

Microsoft has a bond outstanding (symbol: MSFT.GB) with a 4.20% coupon rate and a yield to maturity (continuously compounded) of 1.535%. The bond expires in June, 2019, and pays interest semi-annually. Use a face value o ...

Summary of the investment outlookwrite a 2-pages summary of

Summary of the Investment Outlook Write a 2-pages summary of the Investment Outlook titled "Bon Appetit!" by Bill Gross.

1 how do the various labor standards promulgated by

1. How do the various labor standards promulgated by international organizations affect the MNE? 2. How do EU directives (such as those developed in the area of HR) impact member states and MNEs? 3. How do US extraterrit ...

Please put the answer in a word document or excel

Please put the answer in a word document or excel spreadsheet. Thank you - see attached file first.  Calculate the expected return and standard deviation of for single stocks and portfolio You have estimated the followin ...

Assignmentbullcompare the results of the three methods by

Assignment • Compare the results of the three methods by quality of information for decision making. Using what you have learned about the three methods, identify the best project by the criteria of long term increase in ...

The bermuda triangle store pays a constant dividend last

The Bermuda Triangle Store pays a constant dividend. Last year, the dividend yield was 5.4 percent when the stock was selling for $15 a share. What must the stock price be today if the market currently requires a 3.8 per ...

Use the value of the linear correlation coefficient to

Use the value of the linear correlation coefficient to calculate the coefficient of determination. What does this tell you about the explained variation of the data about the regression line? About the unexplained variat ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen