If you have an annuity of 10K that pays about 5 percent each year should you use that to pay as much of your tuition bill as you can?
Assuming that the annuity in question is a "deferred" annuity (that is, that it is not already providing regular annuity payments), the answer depends upon whether you're over 59 1/2 or not. If you're not, any distributions from that annuity will be taxable as Ordinary Income AND subject to a 10% penalty tax - 10% of the amount of the distribution (IRC Sect. 72(q)). Not a very attractive result. If you're over 59 1/2 and still attending school, BRAVO! But the distribution from your annuity will still be taxable (but without that 10% penalty tax).
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Yes. A better educated populace benefits the economy and improves a country's global standing. The cost would be deflected, so that young people wouldn't graduate college dr…owning in student loans with impossibly high interest rates.
If it is a valid bill for service rendered then you owe it. A delay in billing you doesn't matter. You went to the hospital, they helped you, now you owe for that help.
It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity
surprisingly they don't get paid very much
he pays 40% to the state of new york, and another 10% to his agent. the 22 million dollars he makes quickly turns into 11.
First, this question does not make sense, at least as it was phrased. However, for sake of providing the answer which I believe is being sought. Since most companies and busin…esses bill customers, let's assume you meant; A VENDOR has billed you a year late. It may actually depend more on the service or product that was being provided to you and the terms you previously agreed to with that Vendor. Of course this could vary greatly depending on which state you are registered with and doing business in. Also it may be dependant on what type business you have or even the service or product you are being charged for. Most importantly, Did you request the service or product? If this was for a product, was the product received? Or then again maybe this was for an item that was placed on such as a back order? If so and you did not cancel the order. Or you actually already received the product, than Yes. Now, lets say it was for a service such as Janitorial or Landscaping,or some other maintenace cost such as an added charge out of the normal or typical duties of their job. Lets say something like painting a room. Whereas the billing could have easily been a simple oversight and or perhaps it was thought to have been previously billed. Or maybe it was billed but they have not yet received payment from you, yet is a valid charge for services requested by you and already rendered by them. Yes you need to pay the bill. There may be a few variances which could play out more in your favor, so if you would like to rephrase the question and provide more of the pertinent information, such as location, type or your business, their business and describe the transaction, who was providing who with what. The answers may change or not, although they could be more accurate of your individual situation.
If you deposit 10000 in a bank account that pays 8 percent interest annually how much would be deposited in your account after 5 years?
Principle = 10,000/- Interest Rate = 0.08 Tenor = 5 YEARS Value of deposit on maturity = Principle X (1+Interest Rate) ^ Tenor = 10,000 X (1+0.08)^5 = Rs 14,693.28 … .
What is furture value of 5 year ordinary annuity that promises to pay 300 each year at 7 interest rate?
They pay 22% of 4.19 billion dollars. You do the math. In 2010 the United States paid over 7.6 billion dollars to the UN. Payments to UN peace keeping / defense missions a…re not part of the regular budget. The State Department budget paid 5.5 billion, other agencies, such as Agriculture contributed various amounts to different US initiatives.
Mrs Ang used 10 5 and 2 notes to pay for her son's tuition fee and if the tuition fee was 180 and mrs Ang gave 25 notes to the tutor how many of each type of notes did the tutor receive?
\n14 X $10 notes\n6 X $5 notes\n5 X $2 notes
The owner and general manager of the team the player plays for.
An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?
If you have been court ordered to pay child support that money must go directly to the other parent. It does not matter what else you buy your child it will all be considered… gifts. Your legal obligation is to pay the amount specified. In other words, it does not matter if you pay 100% tuition, 100% for a car, 100% for a mansion for your child. You would still be obligated to pay the support to the other parent. see link
When an old person can no longer pay bills, it depends on what kind of bills the elderly person can no longer pay. Some elderly people have learned the hard way that they coul…d no longer live in a house that cost $100,000 a year for up keep. Others have become totally destitute when they lost their house with no income. This is the time when a recognized business, good friend, a social worker, or a church or equivalent group should sit down with the person and review the options. Frequently, a family member is too close. The solution could be anything from an apartment, assisted living, nursing home, to a home for the indigent aged. It all depends on circumstances. All you have indicated is that the former way has come to an end. Another option: If your home is paid for, or even almost paid for, you have a couple of options with it. You can sell it, then pay off the balance of the mortgage, and then use the rest of the equity to help support yourself in a low rent apartment. If you have a relative you feel close to (such as a grown child, sister, niece, etc.) whom you could live with, that would be even better, because it would save you a lot in living expenses. The other option is a reverse mortgage. This is where a company buys your home, yet you still get to live in that home for the rest of your life. But then, when you die, the house becomes the legal property of the company that bought your house in the reverse mortgage. Of course, this means you would not be able to leave your home to your children, so if that's something that is important to you, then you may not want to do it. But your financial and living comfort now should take priority over most other things. Another Option: The person should apply for government subsidized elderly housing. Their rent will include utilities and will be based on their income. They (or their advocate) should call their town offices to see if there is a department of elder affairs where they could obtain help and guidance.