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.
Answer:
x = $16,078.46
Explanation:
$100,000 = 1.0101x + 1.0204x + 1.0309x + 1.0417x + 1.0526x + 1.0638x
$100,000 = 6.2195x
x = $100,000 / 6.2195 = $16,078.46
month investment value at end of month 6
1 $16,078.46 $17,104.74
2 $16,078.46 $16,924.68
3 $16,078.46 $16,748.39
4 $16,078.46 $16,575.73
5 $16,078.46 $16,406.59
6 $16,078.46 $16,240.87
total $96,470.76 $100,001*
*the extra $1 is due to rounding errors.
Answer:
Depending on what game Jennifer played, she might have to pay taxes. If Jessica won the money playing [email protected]@ck or [email protected]@[email protected] she doesn't need to pay taxes.
Explanation:
The IRS requires casinos in Las Vegas to withhold 25% of total gambling winnings (or 30% if the gambler is from a foreign country). When a casino withholds taxes, they will provide you with IRS Form W-2G.
You must remember to keep Form W-2G so you can report it on your IRS Form 1040 tax return at the end of the year, to avoid being taxed twice.
But winnings from some table games are not taxed, e.g. [email protected]@ck, [email protected]@[email protected], [email protected], and roulette are not taxed.
Answer:
Category variable: Caucasians, Asians, Africans
Quantitative variable: 20%, 25%, 1%.
Explanation: The are two variables in these study. They are categorical variable and quantitative variable.
Categorical variables are variable that helps classify a given population eg race, hair colour, skin colour. Most of the time are not numerical, so we can't multiply, add or subtract them. As given in this assignment the Caucasians, Asians and Africans are category variables.
Quantitative variables are those that numerical and they reflect count, percentages(20%, 25%, 1%) and can be added, subtracted, or multiplied. The percentage of the ethnic group is an example of quantitative variable.
