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1 year ago

the preferred type of retirement account for the typical college students working a part-time low-wage job would generally be:

1 answer:

4 0

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.

To learn more about retirement, click here.

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Ne4ueva [31]

Answer:

Average rate of return = 14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

Average annual return = Savings in cost - energy cost - depreciation

Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

Average annual return = 29,780-6,680-12600= 10500

Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return = 14 %

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3 years ago

You are the Economic Consultant for Zuku Farms Ghana Limited. Zuku produces cowpea in a community

Eva8 [605]

The answer and explanation to part 1 is given in the attachment.

Note:

Also, The complete part a question is attached.

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3 years ago

From this partial advertisement: Used car $93.38 per month for 60 months Cash price $4,200 Down payment $50 a. Calculate the amo

ludmilkaskok [199]

Answer: The answer is as follows:

Explanation:

Given that,

Used car $93.38 per month for 60 months

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(a) Amount Financed = Total Value (Cash Price) - Down Payment

= 4200 - 50

= $4150

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8 0

2 years ago

You are the owner of a small sandwich shop. a buyer may offer one of several payment methods: cash, a check drawn on a bank, a c

Anon25 [30]

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6 0

3 years ago

Identify the principle of internal control to each of the following cases. 1. Cash is locked in a safe overnight. select princip

ivann1987 [24]

Answer:

1. Physical control

2. Segregation of duties

3. Pre-numbered documents

4. Segregation of duties

5. Establishment of responsibility

Explanation:

1. As this shows that someone locked cash in safe, so this will be physical control.

2. As this shows the division of duties among employees, so this will be segregation of duties.

3. As this shows documents are pre numbered so it comes under pre-numbered documents.

4. As this shows the division of duties for bookkeeper, so it comes under segregation of duties.

5. This shows the responsibility of any work on a person, so this will be establishment of responsibility.

4 0

2 years ago