User Account

All Pages

How much of the sherry include in income

Assignment Help Accounting Basics
Reference no: EM131797554

Question - In 1988, when Sherry was 55 years old with an additional life expectancy of 20 years, she purchased a single life annuity for $200,000 that was to pay her $15,000 per year for life starting in 1989. Sherry just received her $15,000 payment for 2011. How much of the $15,000 must Sherry include in income?

a. 0

b. $5,000

c. $10,000

d. $15,000

Reference no: EM131797554

Questions Cloud

How much must tighe include in his gross income : In addition, Tighe's employer gave him $5,000 with which to pay the taxes on the prize. How much must Tighe include in his gross income
Prepare a revised balance sheet given available information : Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $168,000.
What is the duration and modified duration : Compute the duration and modified duration of each bond, assuming semi-annual interest payments for the coupon bond.
Difference between a stock dividend and stock split : What is the difference between a stock dividend and stock split? Please explain.
How much of the sherry include in income : Sherry just received her $15,000 payment for 2011. How much of the $15,000 must Sherry include in income
Equity accounts remain in existence indefinitely : Do these equity accounts remain in existence indefinitely, since they do not seem to be related to the equity accounts recognised by Cancer Ltd itself?
Determine the corrected amounts for cost of goods sold : Determine the corrected amounts for 2017 cost of goods sold and December 31
Learning of organisational behaviour : How has the learning of Organisational Behaviour impacted on your thinking, behaviour and approaches both as an individual and as a team member?
What is the company return on equity ratio : The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd