Business, 06.10.2019 05:00 fdelacruz19

Harold receives a life annuity from his qualified pension that pays him 5,000 per year for as long as he lives. later this year harold will recover he remainder of his cost of the annuity. which of the following correctly describes how the annuity payments are taxed after harold has recovered the cost of the annuity? 1) harold will continue to apply the annuity exclusion ratio to determine the amount of each annuity payment includible in gross income. 2) harold will include the entire amount of each annuity payment in gross income after he recovers the cost of the annuity 3) the entire amount of each annuity payment is excluded from gross income after harold recovers his cost of the annuity. 4) harold must request that the irs calculate his exclusion ratio based upon a revised life expectancy. 5) all of these

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 15:10

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.

Answers: 3

Answer

Business, 22.06.2019 20:00

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)

Answers: 3

Answer

Business, 22.06.2019 20:20

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Answers: 2

Answer

Business, 23.06.2019 00:00

Review the key ethical and social issues over the last five decades and place each on the timeline in chronological order. note that once you complete this part of the question, you will be unable to adjust your answers.

Answers: 3

Answer

You know the right answer?

Harold receives a life annuity from his qualified pension that pays him 5,000 per year for as long a...

Questions