smmailloux2335
13.12.2019 •
Business
Jacque solis (age 38) is leaving her current job and would like to take a long vacation before starting new employment. she has $65,000 in a qualified plan that she would like to live on during this period. if she is in a 25 percent marginal tax bracket, how much will she have left after paying taxes and penalties?
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Ответ:
Jacque Solis will have $42250 left after paying taxes and penalties
Explanation:
given data
present age = 38
qualified plan = $65,000
marginal tax = 25 %
to find out
how much will she have left after paying taxes and penalties
solution
as here qualified plan is an employer sponsored retirement plan that qualifies for special tax treatment under Section 401 (a) of Internal Revenue Code
and tax for 25 % will be here as
Tax 25% = $65,000 × 25%
tax = $16,250
and Penalties will be here for 10 % is
Penalties 10% = $65,000 × 10%
Penalties = $6500
so
Net available = $65,000 - $16,250 - $6500
Net available = $42250
so Jacque Solis will have $42250 left after paying taxes and penalties
Ответ:
i need brain please
Explanation: