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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

The option D is correct.

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

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

brainly.com/question/1430460

2. Learn more about life insurance

brainly.com/question/2674013

3. Learn more about negotiating plan

brainly.com/question/10089477

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

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Answer: 30.1%

Explanation:

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The rate is also based on the Labor force which is the portion of the population that is able and willing to work. Retirees are not included in this measure. Those who are not looking are not willing.

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3 years ago

In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were

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Answer:

Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

Utilities $800 Unfavorable

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Total $700 Unfavorable

Explanation:

Preparation of a responsibility report for April for the cost center.

HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020

Controllable cost Budget Actual

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Indirect labor 21,300- 22,100 =$800 Unfavorable

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Supervision 5,100- 5,100= $0 Neither Favorable Non Unfavorable

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Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

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Supervision Neither Favorable Non Unfavorable

Total $700 Unfavorable

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3 years ago

Samsonite has declared a 90% stock dividend. At the time of the declaration, Samsonite's stock was selling for $250 per share. I

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Answer:

$131.58

Explanation:

The computation of the new stock price is shown below:

= Selling price of stock per share ÷ current number of shares

= $250 ÷ 1.90

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= 1.9

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3 years ago

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Answer:

Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE

Explanation:

What is Partnership

Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.

Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business

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3 years ago

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Net present value of cash flow at 19.91% can be calculated as follows

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