Which statement describes the effect of taxes on a traditional 401(k) retirement account?
A.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
B.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
D.
A traditional 401(k) is tax exempt because the income earned is never taxed.
Answers
Answer:
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
Explanation:
There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.
The traditional 401k plan is an employer-sponsored retirement scheme. The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.
The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.
Answer:
C. A traditional 401(k) is tax deferred because the income earned isn’t taxed until the money is withdrawn.
Explanation:
PLATO
Related Questions
If an investor purchases 500 shares of an aggressive growth stock, which strategy would limit his downside risk
Answers
Answer:
B)Buying 5 puts on the stock
Explanation:
The put provides the investor right to sell the stock at a strike price or set price for a time period and protect against the losses that lies below the strike price.
Also buying calls would protect the short position of the stock. Now in the case when the customer has the long stock so the call purchase on that security would rise the leverage and risk. Now if the put option is written so it develops a liability to purchase more stock at the set price that increased the down side risk
Therefore the correct option is B
The percentage change in prices over time. This is a key indicator of the cost of
O Growth
O Recession
O Inflation Rate
O Unemployment Rate
Answers
The more companies you follow on Twitter, the more companies Twitter will recommend to you. True False
Answers
Answer:
true
Explanation:
Answer:
True
Explanation:
Is being a finance manager is stressful job?
Answers
Answer:
Yes
Explanation:
because it's job is day and night and also to calculate and solving problems in bank
Why do you think newspapers did not increase prices, given their financial situation?
Answers
ii think its Explanation:
Answer:
Online competition
Explanation:
Online competition and many people not working
Why fresh graduates consider working in a Call Center?
Answers
Answer:
They have the opportunity to grow
They can earn an incredibly useful experience
They can enjoy high salaries and fun working environments
Call Centers Represent a Growing Industry
Call Centers Represent a Growing Industry
Explanation:
these are the reasons why fresh graduates consider working in call center. Don't worry if it is your first time i'm sure that you will have a nice experience
i hope this helps
do i have to pay anything when i create an account?
Answers
Answer:
no you don't lol free points thi
Answer:
no
Explanation:
because this app is free
Listeners offer prompts to their speaker by___.
Answers
Answer:
asking "what happened then"
Explanation:
I took the quiz and got it correct
How many manufacturing companies are in the north Georgia area
Answers
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
A permanent employee works in the same position for his or her entire career.
a. True
b. False
Answers
Answer:
false
Explanation:
Use what you have learned about filing income taxes to complete these sentences.
Citizens file income taxes to ensure that they will receive a Vif they paid too much in taxes throughout the
year.
Employers supply a v to help citizens file their tax returns,
Taxes returns can by filed either by mail or
Answers
Answer:
1) Refund
2) W-2
3) Online
Explanation:
Citizens file income taxes to ensure that they will receive a Refund if they paid too much in taxes throughout the year.
Employers supply a W-2 to help citizens file their tax returns.
Taxes returns can by filed either by mail or Online.
I've completed the following sentences by using what I've learned about filing taxes:
1) People file income taxes so they can get a refund if they paid too much in taxes for the entire year.
2) Companies give employees a W-2 form to aid in the filing of their tax returns.
3) Tax returns can be sent in the mail or submitted online.
What are income taxes?Income taxes are taxes that individuals and businesses are required to pay on their income, which is the money they earn from various sources, such as salaries, wages, investments, and business profits. The purpose of income taxes is to fund government programs and services, such as education, infrastructure, and social welfare programs.
In most countries, income taxes are collected by the government through a system of tax returns, where individuals and businesses report their income and calculate the amount of tax they owe based on a set of tax rates and deductions. The tax rates and deductions vary depending on the country and the income level of the taxpayer.
Some countries have a progressive tax system, where the tax rate increases as the income level increases. This means that higher-income individuals and businesses pay a larger share of their income in taxes. Other countries have a flat tax system, where everyone pays the same tax rate regardless of their income level.
Income taxes can be a significant expense for individuals and businesses, and tax laws can be complex and subject to change. It is important to stay informed and seek the advice of a tax professional to ensure compliance with tax laws and minimize tax liability.
Learn more about income taxes here:
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Isabella and Mateo made an incredible amount of money this year, and their tax lawyer was able to use many deductions to reduce their adjusted gross income by millions of dollars. However, despite all of his attempts to get them out of paying as many taxes, they still had to pay some. Which type of tax MOST likely ensured that Isabella and Mateo were required to pay some taxes?
A. withholding tax
B. earned-income tax
C. alternative minimum tax
D. sales tax
Answers
Answer:
C. alternative minimum tax
Explanation:
The correct option is C.
What is an alternative minimum tax in simple words?
AMT is a tax levied on 'adjusted total income' in an FY wherein tax on normal income is lower than AMT on Adjusted total income. So, irrespective of normal tax, AMT has to be paid by taxpayers to whom AMT provisions apply.
Who pays the alternative minimum tax?The AMT increased taxes for 23.3 percent of households with “expanded cash income” (a broad measure of income) between $200,000 and $500,000, 63.8 percent of those with incomes between $500,000 and $1 million, and 24.2 percent of households with incomes greater than $1 million.
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If the company issues common stock of $5,000 and pay dividends of $40,900, how much is net income (loss)?
Answers
Answer:
1. $13,000
2. $34,000
3. $52,200
4. $28,100
5. $13,700
6. ($18,500)
Explanation:
Hi, I have attached the full question as pdf below
The Accounting equation is stated as :
Assets = Equity + Liabilities
also stated as,
Equity = Assets - Liabilities
therefore,
1. Equity = $29,000 - $16,000 = $13,000
2. Equity = $63,000 - $29,000 = $34,000
now
Beginning Equity + Common Stock Issue + Net Income - Dividends = Ending Equity
where,
Beginning Equity = $13,000 (calculated)
Ending Equity = $34,000 (calculated)
therefore,
3. Net Income = $34,000 +$36,700-$13,000-$5,500 = $52,200
4. Common Stock = $34,000 + $8,100 - $13,000 - 1,000 = $28,100
5. Dividends = $13,000 + $16,700 + $18,000 - $34,000 = $13,700
6. Net (Ioss) = $34,000 - $13,000 - $41,100 + $1,600 = ($18,500)
Underwriters have been taking indications of interest for shares of an upcoming new issue. Indications of interest are
Answers
Answer: Indications of interest are underwritten expression that shows a conditional, non-binding interest in buying a security that is currently in registration and awaiting approval
Explanation:
Indications of interest are underwritten expression that shows a conditional, non-binding interest in buying a security that is currently in registration and awaiting approval by the board known as Securities and Exchange commission (SEC). The broker of the investor is required to provide a preliminary prospectus
What are the differences between flexibility and compromise
Answers
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
Unpredictable policies can result in conflict because employees may ______.
a.
Believe that there is a double standard
b.
Have to guess at what the policies actually are
c.
Give out information that is incorrect
d.
All of the above
Answers
Answer:
All of the above
Explanation:
D.
Answer:
D
Explanation:
Above
The dot plot shows the number of emails Aaron sent his cousin each week. Number of Emails Each Week A dot plot going from 0 to 5. 0 has 3 dots, 1 has 1 dot, 2 has 0 dots, 3 has 4 dots, 4 has 7 dots, 5 has 6 dots. Where is the gap in the data? 0 2 4 7
Answers
Answer:
2
Explanation:
Based on the information given the gap in the data is 2 reason been that if 0 has 3 dots, 1 has 1 dot, 3 has 4 dots, 4 has 7 dots and 5 has 6 dots while 2 has 0 dots which means that 0,1,3,4 and 5 all have dots excepts 2 which has 0 dots which simply indicate that the lack of dots that 2 has led to the gap or interval in the data which inturn means that the gap in the data can be found on 2 due to 0 dots or lack of dots.
Therefore the gap in the data is 2.
Answer:
2 of course
Explanation:
Help ASAP!!!! What is the most-possible answer?
Answers
Answer:
Community and junior colleges.
Explanation:
I don't know if im too correct but if i am, mark me brainliest?:)
Answer:
D - Collages
Explanation:
That is the only thing I know that gives degrees
Question 5
2 pts
Shanda wants to buy her grandmother's car to drive back and forth to college next year. Her
grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an example of what
type of goal?
O long-term
O short-term
medium-term
O financial-term
Answers
Answer:
financial and medium term
Explanation:
financial term and medium term
A change in tastes or fashions can impact..
A. Both Supply and Demand
B. Supply
C. Neither Supply nor Demand
Answers
As a job requirement, training involves which of the following?
A. Granting an individual the right to practice a profession
B. Verifying an individual's qualifications
C. Activities related to improving job performance
D. A formal program of study provided by an educational institution
Answers
Answer: C. Activities related to improving job performance
Explanation:
Training is the act by which a person is taught a particular skill or made to learn some certain things regarding a job which would be useful in improving job performance.
Training is vital as it improves performance and employee retention. Also, training helps in achieving organizational goals.
The difference in income between the richest and poorest citizens is called a command economy. unemployment. private property. the wealth gap.
Answers
Answer:
the wealth gap.
Explanation:
The difference in income between the richest and poorest citizens is called the wealth gap.
This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.
Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.
The difference in income between the richest and poorest citizens is called the wealth gap.
What is wealth gap?Wealth gap can be defined as the difference in the income earned by the richest and the poorest citizen.
When a rich person earn more than a poor person this indicate a disparity in wealth distribution between the rich and the poor.
This tend to lead to what is called wealth gap based on the fact that their is no equality as the rich earn more than the poor.
Inconclusion the difference in income between the richest and poorest citizens is called the wealth gap.
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A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Both interest income and dividends contribute to the ({cost) or (return) or (risk)} on an investment.
Answers
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.
A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.
An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
it just make sense to me
If an employee had the responsibility of both writing checks and making deposits to a bank, they would have
Answers
Answer:
2. Perceived opportunity
Explanation:
In the case when the employee had the responsibility with respect to the checks and deposit made in the bank so there is a capability to conceal regarding the fraud also he can easily escape from punsihment as he is bestowed
So this represents the opportunity as he can easily do the fraud in the organization
Therefore the option 2 is correct
And, the rest of the options are wrong
Bravo! You did a great job. I bet you are ready to further evaluate your learning
about the lesson.
This assessment will gauge your mastery on the lesson about staffing.
COMPLETE THE SENTENCES: Choose the correct word or phrase from the box below
to complete each sentence.
MANAGEMENT
UNIVERSAL
STAFFING
SATISFACTION
SUCCESS
OPTIMUM
SELECTION
SKILLS INVENTORY
WORKFORCE
OBJECTIVES
Answers
chose 10 items to take to a deserted island remember you need shelter there is food on the island and you also may need a fire source........yw have fun
Answers
Answer:
a big tent. my friends. a hamic. wepons. a boat. my phone. portabal charger. and my parents
Explanation
Answer:
Box of Matches
Tent
Canteen
Knife
Blanket
Pot
Bug Spray
Cloths
Flashlight
Journal w/ pencil
Explanation:
These are neccasary for survival !
ABC Book Company has $1 million in cash, $8 million worth of property, and $50,000 worth of equipment and furniture. What is the total value of ABC Book Company’s assets?
Select One:
a. $9,050,000
b. $1,000,000
c. $9,000,000
d. $50,000
Answers
Answer:
a. $9,050,000
Explanation:
You just need to add that all together
Explain the typical shapes of the marginal-benefit and marginal-cost curves. The marginal-benefit curve is
Answers
Answer: The marginal benefit curve is downward.
The marginal cost curve is upward
Explanation:
Unlike the marginal cost curve, whose slope is often upwards, the marginal profit curve is generally known by its downward slope.
The optimum allocation of resources to a given product will take place when these curves are used. MB = MC always.
A real estate professional specializes in helping both buyers and sellers with the necessary paperwork involved in transferring property. Although not an agent of either party, the real estate professional may not disclose either party's confidential information to the other. The real estate professional is BEST described as
Answers
Answer:
a transactional broker.
Explanation:
A disclosure is a legally binding agreement between the buyer and seller of a property, wherein the seller highlights all the information or details they know about the property for the purpose of enlightening and informing the buyer. It contains informations such as legal encumbrance, structural flaw, size of property etc.
In this scenario, a real estate professional specializes in helping both buyers and sellers with the necessary paperwork involved in transferring property. Although not an agent of either party, the real estate professional may not disclose either party's confidential information to the other. Thus, the real estate professional is best described as a transactional broker who is licensed to practice within the state.
What is the name given to a group of individuals working together to achieve shared job-related goals such as higher pay, shorter working hours, greater benefits, or better working conditions
Answers
Answer:
Labor union
Explanation:
The labor union is the individual group that works together to accomplish the company goals or the shared job goals in terms of high pay, less working hours, high benefits, better working conditions
So the given situation represent the labor union
Hence, the same is to be considered and relevent too