Answer: $125,800
Explanation:
Telly would receive the full amount from the Blue Mutual Fund because he is transferring from one IRA to another.
Taxpayers are allowed to transfer or perform a distribution rollover once a year and this is what he is taking advantage of. No amount will be withheld as well should this be the case.
A definitive objective or reason behind mishap examination is to discover the underlying drivers of why the mischance happened so that if comparative examples happen later on viable controls or techniques can be set up to keep a reoccurrence of the mishap. Rodrigues and Cusic portray the reason behind mischance examinations as, "To help counteract mishaps, the NTSB creates and issues security proposals to other government offices, industry, and associations that are in a position to enhance transportation wellbeing."
When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability
Answer:
How much must Icon allow Emily to diversify this year?
The answer is $250,000
Explanation:
- After attaining the age of 55 years and participating already for ten years in the ESOP.
- Emily will be allowed to diversify the value equal to 25% of investments.
- 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
- Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.
First, you need to know the self-employment taxes:
The self-employment tax is 92.35%
Social security tax is 12.4% and Medicare tax is 2.9% = (15.3%)
Dividends and interest are not a part of the income.
58000 * 92.35% *15.3%
Turn the percentages into decimal form in order to multiply. You can do this by moving the decimals over twice or dividing each percentage by 100.
58000*.9235 * .153 = $8,195.
Annie's self-employment tax for the year is $8,195.
