Carol, age 40, has an ira with blue mutual fund. her balance in the fund is $150,000. she has heard good things about the management of red mutual fund, so she opens a red fund ira. carol requests her balance from the blue fund be distributed to her on july 1, 20xx. she opted to have no withholding on the distribution.
a. how much will carol receive from the blue fund ira?
$150,000
b. if the funds were distributed from a qualified retirement plan (not an ira), how much would carol receive?
$ ?
c. when is the last day carol can roll over the amount received into the red fund ira and avoid taxation in the current year? assume the hardship waiver provisions does not apply.
august 30
d. assuming the funds were distributed from a qualified retirement plan, not from an ira, how much will carol have to contribute to the red fund ira to avoid taxable income and any penalties?
$?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 00:50, abcdefg87
Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)
Answers: 2
Business, 22.06.2019 05:30, 2023greenlanden
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 20:10, spicee68003
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1
Business, 22.06.2019 20:50, agray339
Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?
Answers: 2
Do you know the correct answer?
Carol, age 40, has an ira with blue mutual fund. her balance in the fund is $150,000. she has heard...
Questions in other subjects:
Spanish, 14.10.2019 14:30
Social Studies, 14.10.2019 14:30
Mathematics, 14.10.2019 14:30
Health, 14.10.2019 14:30
