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Oksana_A [137]
3 years ago
7

Which of the following is generally true about 401(k) and 403(b) retirement plans?

Business
1 answer:
Evgen [1.6K]3 years ago
6 0
A 401k is a retirement savings plan that is hosted/sponsored by the employer.

The 403b plan is also known as a TSA (tax-sheltered annuity) which is a retirement plan for **specific employees** that are from public schools, certain ministers, or they're employees of certain tax-except (excused) organizations.
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Also, national saving is the income of the nation that is left after paying for . Therefore, national saving (S) is defined as:
mestny [16]

National saving is the nation's income that is left after paying for current consumption and government purchases, that is S = Y-C-G.

What is national saving?

National saving (saving) is the portion of the economy's total income that is left over after paying for consumption and government expenditures. individual saving the amount of money that households have after paying for expenses like taxes and expenditures.

How does national savings affect our economic growth?

Larger investments resulting from stronger GDP growth would be produced by an increase in overall savings. The high savings rates have the effect of increasing capital and boosting the nation's economic growth.

Learn more about national saving:  brainly.com/question/15109837

#SJP4

6 0
2 years ago
Which payment type is best if you are trying to stick to a budget?
Alja [10]
I think the best way would be credit
8 0
3 years ago
Denny is the owner of a popular ice-cream parlor. He also has a retail distribution network in the form of ice-cream vans that g
AysviL [449]

This is an example of "Equilibrium in business"

<u>Explanation:</u>

Equilibrium is the state of balance between market supply and demand, and as a consequence, prices are stable. Over-supply of goods or services generally causes prices to fall, leading to higher demand. The offers and demand balance effect results in a stable state. Here as Denny have good retail distribution network which allow him to supply across city and maintain lower price due to good availability of ice creams. For Denny reaching to the customers was easy via vans, thus his ice-creams had lower price.

6 0
3 years ago
Ms. Cole purchased a $546,000 insurance policy on her own life and named her son as sole beneficiary. She has paid $33,852 total
sergejj [24]

Answer:

Does she recognize income on the liquidation?

Yes, she must recognize the difference between the policy's surrender value and the total premiums paid = $42,042 - $33,852 = $8,190 must be recognized as income.

Does she recognize income on the liquidation?

No, she doesn't have to pay any taxes. Payments to terminally ill policy holders are treated in the same way as death benefits.

8 0
2 years ago
Read 2 more answers
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturin
astra-53 [7]

Answer: $108,000

Explanation:

Given that,

Rent on manufacturing facility = $ 134,000

Office manager's salary = 84,000

Wages of factory machine operators = 64,000

Depreciation on manufacturing equipment = 34,000​

Insurance and taxes on selling and administrative offices = 24,000

Direct materials purchased and used = 94,000

Period costs are the costs which are incurred for activities not related to manufacturing.​

Therefore,

Period costs includes:

= Office manager's salary + Insurance and taxes on selling and administrative offices

= 84,000 + 24,000

= $108,000

5 0
3 years ago
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