Alex is 60 years old and retired. This year Alex won $212,200 in the state lottery. Alex also received $20,000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 15 years, for $157,500. Alex received $8,500 from part-time work during the year. Calculate Alex's gross income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Alex is 60 years old and retired. This year Alex won $212,200 in the state lottery. Alex also received $20,000 from an annuity he purchased ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Halibut Company purchased merchandise on account from a supplier for $18,600, terms 2/10, n/30. Halibut Company returned $5,000 of the merchandise and received full credit. a.
Answers (1)
Describe a real incident in which you were treated rudely as a customer somewhere. how would you have handled it differently if you had been in the other person's position.
Answers (1)
A company's profit formula consists of the following basic elements: A. P, the price charged to customers, minus C, the company's costs. B.
Answers (1)
Bill Carson owned some land that was mortgaged to Bob Jordan. Carson erected a building on this land in which he installed heavy machinery and boilers. At the time he intended these fixtures to be permanent.
Answers (1)
Suppose the price of pepperpepper increases by 1010 percent and, as a result, the quantity of saltsalt demanded (holding the price of saltsalt constant) increasesincreases by 55 percent.
Answers (1)
New Questions in Business
Conventional promotional efforts and "sale speak" should be used in all of a company's social media conversations to persuade the audience. true
Answers (1)
You have two investments. The value of Investment A at the end of April was $500, at the end of May was $600, and at the end of June was $400.
Answers (1)
2017 Sold $1,351,700 of merchandise (that had cost $981,800) on credit, terms n/30. Wrote off $21,500 of uncollectible accounts receivable. Received $670,400 cash in payment of accounts receivable.
Answers (1)
Which of the following types of value chain processes directly creates and delivers goods and services to customers? General management processes Postproduction processes Support processes Core processes
Answers (1)
Comanic Corp. has common stock of $5,400,000, retained earnings of $2,000,000, unrealized gains on trading securities of $100,000 and unrealized losses on available-for-sale securities of $200,000.
Answers (1)