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
astra-53 [7]
3 years ago
8

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:

A.

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.  

B.

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.

C.

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.

D.

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
As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th
My name is Ann [436]

Answer:

Explanation:

Bank reconciliation

Unadjusted book balance 16,216

Add: Debit memo for service 10

Less: Credit memo for int. earned 6

True cash balance 16,220

Unadjusted book balance 15,119

Add: Outstanding check 3,276

Less: Deposit in transit 2175

True cash balance 16,220

5 0
3 years ago
Read 2 more answers
Mehmet’s café sells coffee for only $.50, which is less than it costs, but Mehmet hopes customers will come for the coffee and e
blsea [12.9K]

Answer: c. introductory offer

Explanation: After you get your $.50 coffee, you will be more likely inclined to add some croissants to your order.

Hope this helps!  :)

7 0
3 years ago
Hank earns $ 23.50 per hour with time-and-a-half for hours in excess of 40 per week. He worked 43 hours at his job during the fi
Serga [27]

Answer:

$746.77

Explanation:

Calculation to Determine​ Hank's net pay for the week

Gross Pay $1320.00

Straight Time Pay 940.00

(40 × $23.50.)

Overtime pay 105.75

[ (43-40)× $23.50 ×1.5)]

Less Federal Income tax (198.00)

(15% × $1320.00)

Less OASDI and Medicare (100.98)

(7.65% × $1320.00)

Net Pay $746.77

Therefore Hank's net pay for the week will be $746.77

4 0
3 years ago
Universal container sales reps can modify fields on an opportunity until it is closed. Only the sales operations team can modify
Illusion [34]

Answer:

A. Use field-level security on page layouts to restrict editing fields Explanation:

By restricting the field security and access, no undesired changes and editing will occur, in fact people doing false editing will think before doing so, as when there will be field security on editing only the authorized sales person will do so, and not any person in the sales team would think to do so.

Therefore, the modification will only be possible for and when there is actual need and by dignified and authorized personnel.

3 0
3 years ago
Brief Exercise 4-08 In 2020, Kingbird Corporation reported net income of $1,171,600. It declared and paid preferred stock divide
Verizon [17]

Answer:

$4.33 per share

Explanation:

Given that,

Net income = $1,171,600

Preferred stock dividends paid = $265,400

weighted average of common shares outstanding = 209,100

Therefore,

Earnings per share:

= (Net income - Preferred stock dividends paid) ÷ weighted average of common shares o/s

= ($1,171,600 - $265,400) ÷ 209,100

= $906,200 ÷ 209,100

= $4.33 per share

Hence, the Kingbird 2020 earnings per share is $4.33.

3 0
3 years ago
Other questions:
  • Gear Electronics used to buy all of its component parts from a local plant in Cleveland, Ohio, but this year it has decided to b
    5·1 answer
  • The firm projected its proforma of financial statements using AFN method and finds that next year its AFN is $2 million. Its tot
    7·1 answer
  • Damian works at the Container Store. While he is placing inventory on the shelves, a customer comes up to him. The customer ment
    15·1 answer
  • As a company grows, it may become necessary for it to create a(n) ______, which is a visual display of the organizational struct
    11·1 answer
  • Which of the following businesses is most likely to use a process costing​ system? A. a construction company B. an accounting fi
    5·1 answer
  • What are the portfolio weights for a portfolio that has 134 shares of Stock A that sell for $44 per share and 114 shares of Stoc
    6·1 answer
  • choose a well-known company that you are familiar with, and write a customer profile survey that company could give its customer
    14·1 answer
  • Michael is the project manager in a manufacturing company. He wants his organization to use technology for higher revenue and pr
    8·2 answers
  • Micro environment essay​
    14·1 answer
  • What would be the best reason for the United States to provide military aid to another country? to protect an established allian
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!