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Author Question: Natasha, age 58, purchases an annuity for $40,000. Natasha will receive $400 per month for the rest ... (Read 38 times)

ssal

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Question 1

Natasha is a single taxpayer with a 28% marginal tax rate.  She received distributions of earnings this year as follows:



How much of the $6,000 distribution will be taxed at the 15% tax rate?
◦ $0
◦ $1,000
◦ $3,000
◦ $6,000

Question 2

Natasha, age 58, purchases an annuity for $40,000. Natasha will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Natasha may exclude from income is
◦ $0.
◦ $2,000.
◦ $2,800.
◦ $4,000.


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Marked as best answer by ssal on Sep 13, 2020

Pariscourtney

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ssal

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


bulacsom

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Reply 3 on: Yesterday
Excellent

 

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