1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
4 years ago
15

If you were to invest $3,500 in traditional IRA and a Roth IRA, after making adjustments for possible tax deductions, what would

your net contribution be for both the traditional and Roth IRA? Explain any differences your research shows.
Business
1 answer:
patriot [66]4 years ago
3 0
In a traditional IRA there is either an equal or near to equal contribution made by employer. So, if $3,500 is to be invested let's assume that another $3,500 to be invested by employer with a total contribution (of 3500+3500=7000) the net contribution would be the same as the total contribution, tax rate is not given. Let's assume tax assume tax slab of 28%. Traditional IRS-matching contribution from employer Net contribution-$3,500+3,500=7,000 Roth IRA Assumption-Tax bracket of 28% Net contribution= amount invested minus tax=$3500 minus (28% on 3500)= $3500- $980=$2520 Hence net contribution is not of taxes in case of Roth IRA Once the traditional IRA or Roth IRA is established, you decide to invest the proceeds in a mutual fund. Identify the type of mutual fund you would select.
You might be interested in
There may be more than one critical path in a project network.
hichkok12 [17]
The answer is c, the critical path is the sequence of activities between a projects start and finish that takes the shortest time to complete.
4 0
3 years ago
Economist Brown believes that changes in aggregate demand affect only the price level, and economist Black believes that changes
n200080 [17]

Answer:

Economist Brown : Perfectly Inelastic (Vertical) Aggregate Supply

Economist Black : Perfectly Elastic (Horizontal) Aggregate Supply

Explanation:

Economy is at equilibrium where : Aggregate Demand = Aggregate Supply.

Aggregate Demand is downward sloping curve, as aggregate demand is inversely related with price. Increase in AD shifts the AD curve rightwards.

Aggregate Supply is usually upward sloping curve, as it is directly related to price. However, as per given special cases by Economists Black & Brown, it is as undermentioned :

  • Black : AD increase (rightwards shift) increases only price if - Aggregate Supply is perfectly inelastic i.e non respondent to price & AS curve is vertical.

Real GDP is the total value of goods & services produced by an economy, valued at constant base prices. Increase in real GDP implies increase in production quantity.

  • Brown : AD increase (rightwards shift) increases only Real GDP (quantity) if - Aggregate Supply is perfectly elastic (infinitely respondent to price, so prices constant) & AS curve is horizontal.
4 0
3 years ago
Plz, help ASAP!!!!!!
Cerrena [4.2K]
<h2>Grants are typically needs-based while scholarships are typically merit-based. </h2>

Explanation:

Option 1:

This is invalid because grands are usually need based and scholarships are usually merit-based.

Option 2:

This is the right answer.

Grants are often given considering the family background in terms of financial situation.

Merit-based are often based on GPA that the student secure

Option 3:

This stands invalid because you need not write any essay.

Option 4:

This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.

5 0
4 years ago
All else equal, which of the following would tend to cause real GDP per person to rise? a. a change from inward-oriented policie
bagirrra123 [75]

Answer:

The correct option is D

Explanation:

GDP (Gross Domestic Product) is the monetary amount of all the finished goods and services which is made within a country during a particular period. It measures or evaluates the value of the economic activity within a country.

Rise in GDP could be because of the strengthening in the property rights, increase in the investment in human capital and change from inward oriented policies to the outward policies.

.

8 0
3 years ago
Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair va
Maru [420]

Answer:

C) $100,000

Explanation:

Based on the information given we were told

that the inventory Purchased by Pilfer from

Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT

will be inventory amount of $100,000 that was resold to the unaffiliated companies.

8 0
3 years ago
Other questions:
  • The face value of a note refers to the amount borrowed plus interest received at maturity from the maker. that can be received i
    5·1 answer
  • When arnie was sent to afghanistan for military duty, he was issued a special camouflage uniform so that he would not be as read
    6·1 answer
  • Blake has managed several restaurants for over 50 years and is close to retirement. With his maturity and business experience, h
    9·1 answer
  • Each year, the government establishes an income cap for _____.
    8·1 answer
  • In a sponsorship proposal, where is it appropriate for organizations to discuss their accomplishments?
    10·1 answer
  • what's the difference between gross domestic product and gross national product. what is the significance of this distinction fo
    13·1 answer
  • Which of the following statements accurately explains why profits for firms in a perfectly competitive industry tend to vanish i
    11·1 answer
  • The first step in the process of creating a marketing plan is to
    14·2 answers
  • Choose all that apply. Select all the types of retirement accounts. IRA Mutual fund IDA 401(k) 403(b) CD
    13·1 answer
  • Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7. If Dye h
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!