Last year Wendell, age 57, withdrew $1,500 from his IRA, which consists entirely of pretax contributions. In addition to including that amount in his taxable income, he has to pay a penalty of

A) 50
B) 150
C) 300
D) 100

Ans: B) 150

Business

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On the maturity date, the bondholder is paid the face amount of the bond plus the last interest payment

Indicate whether the statement is true or false

Business

Winston Foods and O'Toole's Soda have agreed to perform together multiple stages of the process by which products are brought to the market. The two firms have most likely formed a ________

A) joint venture B) production alliance C) process alliance D) comprehensive alliance

Business