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3 years ago

Contributions to _______ aren't tax deductible, but withdrawals made at retirement aren't taxed.

Business

1 answer:

Lena [83]3 years ago

5 0

Answer:

Contributions to Roth IRAs aren't tax deductible, but withdrawals made at retirement aren't taxed.

Explanation:

Roth IRA refers to an individual retirement account that allows a tax-free growth and tax-free withdrawals in retirement. Roth IRAs are best when one's taxes would be higher at the point of retirement than present day.

The contributions made to the Roth account are are often made with after-tax money, which cannot be deduct; for this reason, the contribution grows and these contributions aren't taxed.

It is also to be note that, earnings in a Roth account can be tax-free rather than tax-deferred

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4. When the actual price of a good is above its equilibrium market price, competition

earnstyle [38]

Answer:

Explanation:

Because naturally within a market the equilibrium price is trying to be reached, (besides price ceilings and floors imposed by the government), Sellers will naturally push the price downwards because they must compete with each other to make a living. Thus answer C. is correct.

4 0

3 years ago

On January 1, 20X8, Ritt Corporation acquired 80 percent of Shaw Corporation's $10 par common stock for $956,000. On this date,

attashe74 [19]

Answer:

The amount of non-controlling interest reported should be $251,000

Explanation:

Non-controlling interest = $239,000

Net income = $190,000

Cash dividends = $125,000

Amortization of increase in plant = $100,000 ÷ 20 years = $5,000

Value of Shaw's Corporation on January 1, 20X8 = $956,000 + $239,000

= $ 1,195,000

Value of Shaw's Corporation on December 31, 20X8 = Value of Shaw's Corporation on January 1, 20X8 + Net income - Cash dividends - Amortization of increase in plant

= $ 1,195,000 + $190,000 - $125,000 - $5,000

= $1,255,000

Minority interest = 20% × $1,255,000

= $251,000

6 0

3 years ago

George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re

Dimas [21]

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x = $170,500

x = $170,500 ÷ 0.021

= $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

4 0

3 years ago

What is working capital?

Fed [463]

Answer:

Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.

NWC is a measure of a company’s liquidity and short-term financial health.

A company has negative NWC if its ratio of current assets to liabilities is less than one.

Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.

High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.

Explanation:

can you me as brainliest if its right? i just need a few more to rank up! ^-^

Also have a great day and good luck in your studies!

3 0

2 years ago

Read 2 more answers

) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there

mamaluj [8]

A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:

at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.

To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.

a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.

The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.

Learn more about decays here: brainly.com/question/25537936

#SPJ4

7 0

2 years ago