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SashulF [63]
1 year ago
5

What are some factors that explain why people save for the future? (check all that apply.)

Business
1 answer:
nlexa [21]1 year ago
5 0

A. People save for predictable large expenses

C. People save for their children. their children.

D. People save for retirement.

this  qestion is incomplete .please read below to find the missing content

What are some factors that explain why people save for the​ future? ​(Check all that apply​.)

A. People save for predictable large expenses

B. People save because there are shortages of goods.

C. People save for their children. their children.

D. People save for retirement.

E. People save to avoid being too materialistic.

Retirement refers to the stage of life in which you choose to leave the workforce behind for good. In the United States and most other developed countries, the traditional retirement age is 65, many of which have some form of national pension or benefit scheme to supplement a retiree's income

What is a good retirement plan? According to AARP, a good retirement income is about 80% of your pre-retirement pre-tax income. Because when you stop working, you don't have to pay income tax or other work-related expenses. This may be good for your health. Sleep later, get some fresh air and sun, and no more devouring your meal at your desk. It's easy to imagine that leaving the office leads to healthier habits. ..

Learn more about retirement here

brainly.com/question/25707827

#SPJ4

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During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f
malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6   purchased goods from Green worth $1200 term 2/10 , n/30

                                      Inventory a/c $1200

                               Accounts Payable - green $1200

jan 6    purchased goods from munoz worth $900

                                                          inventory a/c$900

                                         Accounts Payable - munoz $900

jan 14   Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

                                       Accounts payable - green $1200

                                                                         Cash                  $1,176

                                                         discount recieved              $    24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

                          Accounts payable- munoz $900

                                                      Cash                $900

feb 28                  purchased goods worth $350 from reynold

                                                   Inventory $350

                                                          Accounts payable - reynold $350

5 0
3 years ago
Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay
natita [175]

Answer:

The answer is d. Interest payable of $2,500; interest expense of $2,000

Explanation:

Interest component over 2 years = $84,000- $80,000 = $4000

interest expense for a year = 4000/2 = $2000

Interest payable = 1.25 years   * 2000 = $2500

8 0
3 years ago
The federal government levies _____________________________ on people who pass assets ____________________________, either after
Ierofanga [76]

Answer:

The answer is A: an estate and gift tax; to the next generation

Explanation:

A deceased person often via a will or according to laws of intestacy  transfers the benefit and ownership of an estate to relatives or others without any consideration. the tax paid on such a transferred asset is called estate tax. This type of tax is often imposed on the property. But practice differs as some tax jurisdictions do impose estate tax on the beneficiary of the deceased property in which case it is called inheritance tax.

Such a tax is not to be imposed if the property is bequeathed to a spouse or a charity recognized under the Federal laws.

When an individual transfers properties during his life time to another without receiving full consideration in any form in return, the tax imposed on such transfer of ownership of asset is known as gift tax. The tax is usually imposed on the giver or transferor of the assets unless a retention of an interest exist which will likely delay the completion of the gift

The major difference between an estate tax and gift tax is that estate tax is tax on transfer of property without consideration to others after demise or death. Gift tax is a tax on transfer of ownership of property without consideration during the giver's lifetime (often called an inter vivos gift)

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3 years ago
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Declaring a bankruptcy will trigger automatic stay.

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What are the two factors used to calculate productivity?
shusha [124]

Answer:

D.

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Test A

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