Tyson (48 years old) owns a traditional ira with a current balance of $50,000. the balance consists of $30,000 of deductible contributions and $20,000 of account earnings. tyson's marginal tax rate is 25%. convinced that his marginal tax rate will increase in the future, tyson receives a distribution of the entire $50,000 balance of his traditional ira. he retains $12,500 to pay tax on the distribution and he contributes $37,500 to a roth ira. what amount of income tax and penalty must tyson pay on this series of transactions? a. $0 income tax; $0 penalty. b. $12,500 income tax; $1,250 penalty. c. $12,500 income tax; $3,000 penalty. d. $12,500 income tax; $5,000 penalty.

What is credit and debit in accounting

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.