All categories

3 years ago

If an employer does not offer a retirement plan, what might be another way to save for retirement?

Business

2 answers:

JulijaS [17]3 years ago

5 0

<u>The option D is correct. </u>

<u>If an employer does not offer a retirement plan, then traditional IRA and Roth IRA might be another way to save for retirement. </u>

Further Explanation:

A retirement plan is a plan in which an individual gets the lump sum amount of money after providing a specific number of services to the company. Sometimes, the employer does not responsible for retirement plan to their employees. In that case, the employee can take benefit of the traditional IRA and Roth IRA for save the money for retirement.

Justification for the correct and incorrect answer:

Traditional IRA: This option is incorrect.

Traditional IRA refers to type of individual retirement account in that employee can save his income for future use at the time of retirement. The employee opts for this account when the tax rate is lower at the time of retirement. This is not only the correct option.

Roth IRA: This option is incorrect.

Roth IRA refers to a type of individual retirement account in which the employee can save his income for future use at the time of retirement. The employee opts for this account when the tax rate is high at the time of retirement. This is not only the correct option.

401k plan: This option is incorrect.

401k plan is a type of retirement account that has been opened by the employers. This option is incorrect as in the question employer does not offer a retirement plan.

Both A and B:This option is correct.

As both options A and B is correct. So this is the correct option.

Learn more:

1. Learn more about retirement

<u>brainly.com/question/1430460 </u>

2. Learn more about life insurance

<u>brainly.com/question/2674013 </u>

3. Learn more about negotiating plan

<u>brainly.com/question/10089477 </u>

Answer details:

Grade: Middle School

Subject: Taxation

Chapter: Retirement plan

Keywords: An employer, does not offer, retirement plan, might, another, way, to save, traditional IRA, Roth IRA, 401k plan, individual retirement account, lump sum, amount of money.

Strike441 [17]3 years ago

3 0

I would think the answer D cause they both have good plans

You might be interested in

A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of ____

faltersainse [42]

Answer:

The correct answer is 25%

Explanation:

To calculate the value of the tax rate to decide on the municipal bond, we must take the information of the annual yield minus the expenses associated with this product, on the interest of the corporate bond:

Tax Rate = 1 - (0.0525 / 0.0700) = 25%

In this way, 25% or more, is a percentage of the tax rate that can make them decide on the municipal bond option.

6 0

2 years ago

Cadets at West Point spend time during the summer learning about the branches of the Army like aviation, infantry, ordnance, fin

vovikov84 [41]

Answer:

b. rotation

Explanation:

correct answer is rotation because Job rotation is a management approach where employees are regularly moved between two or more tasks or jobs to expose them to all work areas of the company.
This is a pre-planned approach aimed at testing the skills and capabilities of employees so that they can be implemented. In addition, it reduces the change of job and gives them a broader experience and helps them gain more insight.
Job rotation is a well-planned exercise to reduce boredom and learn the employee's hidden ability to do the same thing. This process is useful for management and employees

8 0

2 years ago

Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following

MrRa [10]

Answer:

$\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]$

Explanation:

We mulitply each line by the stated percent of each activity

<u>for example</u>

Setting Up % x Utilities= Utilities cost assigned to setting up

199,000x 75% = 149,250

Assembly % Depreciation= Depreciation cost assigned to assembly

35% x 290,000 = 101,500

This process must be done to assign each portion of cost.

6 0

2 years ago

What are five things you can do to overcome stereotypes?

svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

Admit and Say that the stereotypes are wrong
Find famous people to give examples of, who think stereotypes are wrong
Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
Do what you feel like doing about breaking the stereotypes
Provide data to people with examples about people who are not that stereotype.

6 0

3 years ago

Read 2 more answers

When you create an appointment schedule for the doctor, based on her preferences, you should _____. A. avoid scheduling appointm

shusha [124]

When you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

<h3>What is an appointment?</h3>

A legal appointment is one in which the subject matter is of a legal character.
Meetings with attorneys, administrative hearings, interviews and/or interactions with police officers, and any type of appeal affecting housing, finances, or an individual's civil liberty are examples of these appointments.

<h3>Solution -</h3>

So when we create an appointment for the doctor, based on her preferences we should:
Avoid being too early or too late, we just have to be at the right time. So option (A) is correct.

We should always try to create appointments in blocks to make the appointment comfortable for both. So, option (B) is also correct.

Whenever we fix an appointment, we should always consider the travel time. So, option (C) is also correct.

Therefore, when you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

Know more about appointments here:

brainly.com/question/24294091

#SPJ4

6 0

1 year ago