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salantis [7]
2 years ago
6

Is a 401 K considered an individual retirement account?.

Business
1 answer:
Natasha_Volkova [10]2 years ago
5 0

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

To know more about Individual retirement account visit:

brainly.com/question/2084315

#SPJ4

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deff fn [24]

Answer:

B. experienced professionals from different areas of business.

Explanation:

As no individual alone can run the business, different experts for different areas are required, and accordingly an entrepreneurial team is formed with different individuals who are experts in their own field, which helps the organisation, to create an idea for new product, and then make it, and then sell it in the market.

They are just not some people with lot of money, or some government body, etc:

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Statement B

7 0
3 years ago
Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
yaroslaw [1]

Answer:

False

Explanation:

  • Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
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  • Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
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3 years ago
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MrRissso [65]

Answer:

Navi-devices Inc.

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d. It will provide the company with a competitive advantage.

Explanation:

The strategy of "providing free traffic updates and identifying the nearest parking spaces for its subscribers" will greatly benefit the company's customers.  These free services lower the cost for customers and provide an advantage for the company to reach out to more loyal subscribers for its portable navigation devices.  However, competitive advantages are not everlasting.  They can easily be copied by competitors.  This will level the advantage to zero.  This implies that Navi-devices must innovate to remain competitive.

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The idea is that the more money you earn, the larger percentage you can afford to pay out of that income to support roads, schools, etc.
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