Tom Lewis, age 50, withdraws an amount from his IRA to purchase a race horse. All contributions to his IRA by Tom were deductible contributions. Which of the following are the tax consequences for Tom in regard to this IRA withdrawal? Withdrawal amount included in gross income
10% early withdrawal penalty added to total tax
Options:
a) I only
b) Neither I nor II
c) Both I and II
d) II only

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Which term refers to the cost that motivates an economic decision

Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.