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notsponge [240]
2 years ago
15

The majority of 401 (k) plans are participant directed. a)true b) false

Business
1 answer:
xxTIMURxx [149]2 years ago
8 0

The plans regarding the contributions made to the 401(k) plans are directed by the participant, who is also known as an employee of the organization.

<h3>Who is a 401(k) plan?</h3>

A 401(k) can be referred to as a feature of a profit-sharing plan that enables the employees to make a partial contribution of their wages to their individual accounts.

An employee is referred to as a participant for the purpose of this plan. It is further to be noted that this plan is as per the voluntary directions of the participant.

Hence, it holds true that majority of the 401(k) plans are participant directed.

Learn more about 401(k) plans here:

brainly.com/question/3671553

#SPJ1

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8 0
3 years ago
What is protectionism and why would a country base trade policy on it? Explain at least two reasons.
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3 0
3 years ago
The general term for the payments for the use of resources is ______?
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6 0
3 years ago
What factors caused american business to develop into a mixed economic system rather than some other type of economic system?
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3 0
3 years ago
Read 2 more answers
Donata Company purchased equipment for $30,000 in December 20x1. The equipment is expected to generate $10,000 per year of addit
attashe74 [19]

Answer:

Total after-tax cash flow= $6000

Explanation:

Giving the following information:

Equipment value= $30,000 in December 20x1.

Income= $10,000 p

Cost= $2,000 per year.

Depreciation= $3,000.

t=0,40

Cash flow has the following structure:

Income (+)

Cost (-)

Depreciation (-)

=EBIT

TAX (-)

Depreciation (+)

Total

Income= 10000

Costs= -2000

Depreciation= -3000

EBIT= 5000

Tax= -2000

Depreciation= 3000

Total= 6000

5 0
3 years ago
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