On September $1,2023,$ Sandra purchases for $$100,000($at the original Interest Discount Price$)$ a debt instrument issued by Da da Dog Corporation. The Debt instrument matures on August $31,2033.$ The debt instrument has a stated principal amount of $$112,000$ payable August $31,2033.$ The debt instrument provides for semiannual payments of interest of $$4,000,$ payable on September $1$ and March $1$ of each year, beginning on March $1,2024.$

Required:

Determine the yield of this instrument

Compute OID applicable to the first payment

G$.$ Provide the Qualified Dividend Rates for $2024$

H$.$ Describe what an IRA is and how they operate. How are they funded and when is the earliest date of withdrawal without penalty, if retiring.

I. Explain distributions from a partnership

J$.$ Describe the mechanics of a Roth IRA

K$.$ Describe the Mechanics of IRC section $139$