Answer:
9%
Explanation:
Calculation for how much do you save
Using this formula
Percentage saved=Personal rate -Dividend rate
Let plug in the formula
Percentage saved=24%-15%
Percentage saved=9%
Therefore how much do you save is 9%
She can spend $6,480 each year after she retires.
<h3>
What is a retirement plan?</h3>
- A retirement plan is a financial arrangement created to supplement income received from the job after retirement.
- Employers, insurance providers, labor unions, the government, or other organizations may establish these programs.
- By providing advantageous tax treatment to a wide range of plans, Congress has stated a goal to promote sensible retirement planning.
- The Internal Revenue Code's provisions form the basis for the federal tax features of retirement plans in the United States, while the Employee Retirement Income Security Act's requirements are used by the Department of Labor to govern these plans (ERISA).
<h3>Solution -</h3>
8% of
The total amount for retirement
Number of years to spend money
The money she can spend each year =
Therefore, she can spend $6,480 each year after she retires.
Know more about retirement plans here:
brainly.com/question/3090325
#SPJ4
Answer:
Their business should be classified as a Partnership.
Explanation:
The three major types of businesses are Sole Proprietorship, Partnership & Corporation. Sole Proprietorship has only one member and corporations have shared ownership and big in size. Partnerships are businesses in which a small number of people decide to pool in and start a business and are personally liable for any business debts. In this case the coffee shop opened by Franklin, John, Henry, and Harry would be classified as a Partnership.
Partnerships have a limited life and it will dissolve if any of Franklin, John, Henry, and Harry decide to leave the partnership unless stated otherwise in the charter of the partnership.
It is helpful to ask follow-up questions if someone from another culture responds in way you did not expect because the person may not perceive the situation the same way you do.
Answer:
Opening purchase
Explanation:
This happens when a buyer buys a stock or security with the aim of sustaining or increasing the long position in the stock market.
Buy to open informs the participant about the opening of new market rather than closing out on the old market.This remains open until an opposition trade takes place.
It is good to also note that a position can be open and close within a very short period.