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Author Question: On late withdrawals from an IRA, there is A) no tax penalty. B) a 10 tax penalty. C) ... (Read 83 times)

evelyn o bentley

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on: Jul 11, 2018
On late withdrawals from an IRA, there is
 
  A)
 
  no tax penalty.
  B)
 
  a 10 tax penalty.
  C)
 
  a 25 tax penalty.
  D)
 
  a 50 tax penalty.

Question 2

John Biner's roof was totally ruined by a fire. The insurance company estimates that the cost of building a new roof is 10,000. It also estimates that roofs like this are expected to last 20 years.
 
  The existing roof had been in place for five years. Given this information, the actual cash value of the damage is
  A)
 
  500.
  B)
 
  2,500.
  C)
 
  7,500.
  D)
 
  10,000.


joshbk44

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Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

C


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