Which of the following statements regarding traditional IRAs is NOT correct?
A) Peter inherits $15,000 in traditional IRA benefits from his father who recently died. Peter can set up a tax-favored rollover traditional IRA with the money.
B) Bradley has $36,000 of pretax dollars and earnings in a traditional IRA when he decides to retire, and he elects to withdraw $8,000 per year. During his first year of retirement, $8,000 will be included in his taxable income.
C) Walter is 60 and is not disabled. If he takes a distribution from his traditional IRA, it is subject to tax as ordinary income, but with no penalty for early withdrawal.
D) June has accumulated $30,000 of pretax dollars and earnings in her traditional IR At age 55, she withdraws $2,500 to take a vacation. She will have to include the $2,500 in her taxable income for the year and pay a $250 penalty.
Ans: A) Peter inherits $15,000 in traditional IRA benefits from his father who recently died. Peter can set up a tax-favored rollover traditional IRA with the money.
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Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per unit remain constant?
A) The contribution margin increases. B) The breakeven point increases. C) The contribution margin decreases. D) The breakeven point decreases.
Which of the following is NOT correct?
a. Use of bullets and headings is inappropriate in email messages. b. For most simple correspondence, email is the correct format to use. c. Always assume that any email message you send will be read by unintended audiences. d. Texting is a bad choice for communication that requires careful editing.