1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liq [111]
3 years ago
6

Which of the following best describes the purpose of child labor laws?

Business
1 answer:
STatiana [176]3 years ago
5 0

Answer:

A.to protect children from hazardous work environments

Explanation:

Child labor laws are laws that refer to children that perform jobs and the aim of them is to avoid that they are abused, exploited, hired to do jobs are against their welfare or that can put their lifes at risk. These laws determine the type of jobs that a minor can perform and the maximum amount of hours that they can work. According to this, the statement that best describes the purpose of child labor laws is to protect children from hazardous work environments.

You might be interested in
Dan, and Mike are brothers. They plan to begin savings plans when each is exactly 25. Each brother plans to save $6,000 per year
anzhelika [568]

Answer:

1. How much will Dan have in his traditional IRA account at 67? Follow the proper taxation for this type of retirement account.

A) Amount available to invest after taxes per month?

  • $500

B) Amount in account at age 67?

  • $2,813,492

C) Briefly explain the taxation on withdrawals from a Traditional IRA

  •  IRA contributions are made before income taxes are paid, that is why Dan's monthly contributions are higher. The disadvantage is that Dan's plan will be taxed later.

2. How much will Mike have in his Roth IRA at age 67? Follow the proper taxation for this type of retirement account.

A) Amount available to invest after taxes per month?

  • $375 until 59.5 years old, then $500

B) Amount in account at age 67

  • $2,072,879

c) Briefly explain the taxation on the withdrawals from a Roth IRA

  • Roth IRA contributions are made after income taxes are paid, that is why Mike's monthly contributions are lower. The advantage is that Mike's plan will not be taxed later.

3. If both brothers are expected to be taxed at a 20% tax rate in retirement, which retirement plan will have the best after tax results?

  • In this case, since the tax rate is higher while they are working (25%), than once they retire (20%), the traditional IRA account could make more sense except that since the time span is very long, your account will accumulate a lot of earned interest. The total principal invested into the traditional IRA account is $252,000 and the interest gained is $2,561,492 and that part will be taxed once you start withdrawing money. In order to determine which account would be better, you need to estimate how many years will Dan and Mike live after retiring, the longer they live the best option is the Roth IRA account.  

Explanation:

the formula to determine the future value of an annuity is:

FV = P x [(1 + r)ⁿ - 1] / r

Dan's monthly contribution = $500

Mike's monthly contribution = $500 x (1 - 25%) = $375 until age 59.5, then $500

Dan's n =  42 years x 12 months = 504

r = 9% / 12 = 0.75%

Mike's n = 414 for $375 and 90 for $500

Dan's FV = $500 x [(1 + 0.75%)⁵⁰⁴ - 1] / 0.75% = $2,813,492

Mike's FV = $375 x [(1 + 0.75%)⁴¹⁴ - 1] / 0.75% = $1,052,612

then $1,052,612 x (1.09)⁷°⁵ = $2,008,940

Mike's FV = $500 x [(1 + 0.75%)⁹⁰ - 1] / 0.75% = $63,939

total = $2,008,940 + $63,939 = $2,072,879

7 0
3 years ago
Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
stich3 [128]

Answer:

b

"Saving for a Rainy Day"

Explanation:

"saving for rainy day' is a phrase that means putting some money a side  for use in times of need. The phrase encourages  people to save money for emergency use.  As a rule of thumb, one should have at least three times their normal income as savings.

8 0
3 years ago
For the coming year, River Company estimates fixed costs at $109,000, the unit variable cost at $21, and the unit selling price
zzz [600]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $109,000

Unit variable cost= $21

Selling price= $85.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 109,000/ (85 - 21)

Break-even point in units= 1,703 units

Now, we need to include the desired profit:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (109,000 + 150,000) / 64

Break-even point in units= 4047 units

Sales= 500,000

Variable cost= 5,882*21= (123,522)

Contribution margin= 376,478

Fixed costs= (109,000)

Net operating income= $267,478

8 0
2 years ago
Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent
Ilia_Sergeevich [38]

Answer:

0%

Explanation:

Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels

3 0
3 years ago
Madison Finance has a total of $20 million earmarked for homeowner loans and auto loans, where x is homeowner loans in millions
Deffense [45]

Answer:

Ans. Car loans must be $4,000,000 and Home loans $16,000,000 in order to use all the conditions in the problem. Return= $2,000,000

Explanation:

Hi, well, you need to make sure to get as many car loans as the conditions of the problem allows you, since it returns 14%.

I used MS Excel solver to find this result, please download the excel spreadsheet attached to this answer.

Best of luck.

Download xlsx
7 0
3 years ago
Other questions:
  • Which of the following was the result in Larry S. Lawrence v. Bainbridge Apartments, the case in the text in which the window wa
    14·1 answer
  • which ICS functional area sets the incident objectives ,strategies and priorities and has overall responsibility for the inciden
    15·2 answers
  • Price discrimination requires:
    9·1 answer
  • Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Ma
    7·1 answer
  • When a company brings capital and/or technology to a host country, the host country benefits from the Group of answer choices re
    13·1 answer
  • What is the meaning of the X​- and Y​-intercepts? A. These points demonstrate an inefficient use of resources. B. These points s
    7·1 answer
  • For a perfectly competitive firm that does not shut down, the supply curve is a. the portion of the marginal cost curve at or ab
    10·2 answers
  • Explain the effect of a tariff on consumer surplus and producer surplus.
    10·1 answer
  • This is my mom channel please subscribe​
    13·1 answer
  • Suppose the country of montgomery has specialized in the production of a good but has not yet entered into trade. At this point
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!