Roger converted all $100,000 in his Traditional IRA to his Roth IRA on December 1, 2016. Of which $20,000 of the amount converted was his adjusted basis. Roger included $80,000 ($100,000 - $20,000) in his gross income on his Form 1040 in 2016 for the Roth conversion. On April 5th, 2020, Roger made a regular contribution of $5,000 to a Roth IRA for the 2019 year. Roger took a $150,000 distribution from his Roth IRA on July 31st, 2020 to purchase a once-in-a-lifetime trip around the world vacation for his 61st birthday present to himself. How is the $150,000 distribution taxed if the value of the account just before the distribution equals $200,000

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer