The Roth IRA. The SEP IRA. Simple IRAs and Simple 401(k) Plans (k). You contribute Traditional after-tax dollars to a Roth IRA, retirement money grows tax-free, and you can generally make tax- and penalty-free withdrawals after the age of 5912.
With a Traditional IRA, you can contribute before or after taxes, your money grows tax-deferred, and withdrawals are taxed as current income once you reach the age of 5912. A Roth IRA is an Individual Retirement Account into which you make after-tax retirement. While there are no current-year tax advantages, your contributions and earnings can grow tax-free, and you can withdraw them tax- and penalty-free after age 5912 and five years.
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<span>This answer should be "c" the top 20%. The income is clearly not middle income level, which would be d or a. It is definitely not b- bottom 20%. Therefore we are left with c- top 20% and this jives with my own experience. 1% would include millionaires and above, therefore we are left with a relatively small group of high income earners who aren't necessarily millionaires- in the sense that they earn a million or more per year.</span>
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Demand is the volume of a commodity or service that buyers are willing to purchase in the market at a given price. Supply refers to the quantity of service of a product that suppliers are willing to avail in the market for sale. The law of supply and demand illustrates the interactions between buyers and sellers.
As prices increase, sellers are willing the supply more, but buyers will want to buy fewer quantities. The opposite is also true. Products that provide a higher utility value will always attract high prices. If such products are scarce, their prices are bound to go even higher.