Increasing your 401k deduction will LOWER/DECREASE your take-home pay and LOWER/DECREASE your federal taxes in the current year.
401k is a specific amount of money that will be deducted from your initial pay so it could be allocated to your pension account.
When 401k deduction increased, it will take a bigger chunk on your salary, so your take-home pay will be reduced. The amount of 401k deduction is considered as pre-tax, so it would not be counted in federal tax.
Answer:
B. False
Explanation:
Break even point is the point at which total revenue equals total cost. At break even point, a company is neither making a profit nor a loss. However, the importance of break even analysis is that it helps a company to know the point at which the company's new product or service will be profitable.
The formula for break even point = Fixed expenses / Contribution margin
The answer is "$50,928".
<span>family spends yearly for living expenses = $48,000
</span><span>prices increase by 2 percent a year for the next three years
</span>So, future value = (1+0.02)³
=1.061
<span>amount family need for their living expenses after three years = </span>$48,000 x 1.061 = $50,928
The most effective approach for Kendra is to close her email to her boss is "Please review the memo for any spelling or grammatical errors" Option A
She should say something along the lines of "please examine the memo and let me know if you have any modifications by 3 pm today."
This is further explained below.
<h3>What is
email?</h3>
Generally, The conclusion of a professional email should always provide detailed information about the next steps.
When sending an email, the sender is responsible for ensuring that the message is clear, and comprehensive, and expresses clearly what actions are anticipated from the recipient.
The activities that Kendra asks her boss to take are outlined in detail in Option A. She has kept it brief while providing sufficient information by stating what she expects and by what time it must be completed.
It makes the email clear and definitive, and the manager is able to get all of the relevant information from the message.
Read more about email
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Answer:
True
Explanation:
At least in the short run the company will stop production since the contribution margin will be negative: variable costs are higher than selling price, so the company is losing money with every unit it produces.
The company should start producing again as soon as the price increases and the contribution margin is positive. This way the company will at least be able to cover some of its fixed costs.