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

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

You might be interested in

g Question 1 of 1010.0 Points A company's unethical behavior may result in the following except A. buyers will shun the company

saveliy_v [14]

Answer:

Explanation:

7 0

3 years ago

Read 2 more answers

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine produ

ioda

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.

Market socialism, sometimes known as liberal socialism, is an economic system that strikes a balance between free enterprise and socialist planning. In this system, businesses are publicly owned, but output and consumption are determined by the market rather than by governmental planning.

In real life, Market socialism components have been present in a number of different economies. A version of market-based socialism, based on socially owned cooperatives, workers' self-management, and market allocation of capital, is usually regarded as having existed in the former Socialist Federal Republic of Yugoslavia.

To learn more about Communist

brainly.com/question/14018486

#SPJ4

8 0

1 year ago

Department G had 2,040 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,700

Margarita [4]

Answer:

18261

Explanation:

The first key-point will be that materials are applied entirely at the begining of the production so this part of the cost is quite easy:

You have an ending inventory of 1,700 units and then you have a given data of $9 per unit for direct materials so mulitply those to get:

ending inventory $15,300 materials cost

Next part will be to calculate the conversion cost.

First step, will be to calculate the conversion cost for the period,

which is direct labor + factory overhead:

78,600 + 26,200 = 104,800

Remember conversion cost = labor + overhead

Second, calculate the equivalent units:

Here we have the data for completed units so we work it like this

Complete units 12200

(this are finished o they count entirely)

+ ending units x percent of completion 1700 x 20% = 340

(this are units we work during this period)

- beginning units x percent of completion (2040) x 5% = (510)

(this are units we don't work on this period,

they are from the previous month,

so we subtract them)

----------------------------------------------------------------

Equivalent units for conversion cost 12030

Third, we are almost there, we will divide this two to get the value of 1 unit of conversion cost

104,800 conversion cost / 12,030 equivalent units = 8.7115 CC per unit

Fourth, calculate the conversion cost for the ending inventory

conversion cost per unit x equivalent units of ending inventory

8.7115 x 340 = 2961

Last Step, we add the materials cost with the conversion cost

15,300 + 2,961 = 18261 VALUE OF ENDING INVENTORY

3 0

3 years ago

Selected transactions from the journal of Metlock Inc. during its first month of operations are presented here:

Akimi4 [234]

Answer:

Metlock, Inc.

T-accounts:

Common Stock