Answer:
The replacement rate is the percentage of the final income that the pension compensates.
Before-tax replacement rate:
The worker made $2,000, and his social security benefits are $1,200.
1,200 x 100% / 2,000 = 60%
The before-tax replacement rate is 60%.
After-tax replacement rate:
His 2,000 income was subject to a 25% tax.
2,000 x 25% = 500
His after-tax income was 1,500
1,200 x 100% / 1,500 = 80%
The after-tax replacement rate is 80%.
Answer:
product
Explanation:
- Process management components of a library management system include rules, instructions, and guides on how to perform tasks on the system.
- This is similar to the manual for electronic products, with detailed instructions on how to use the product effectively.
so correct answer is product
Answer:
I think the answer would be $18,750
Explanation:
For a $104,000 of taxable income, including a long-term capital gain of $5,400, her gross tax liability is mathematically given as
T=$17479
<h3>What is her gross tax liability?</h3>
Generally, the $95000 will be charged with an ordinary tax rate
Capital gain of $5000 will be charged by 12% rate.
Therefore, Tax on $95000
Tx = 14605.50+ 24%*(95000 - 85526)
Tx= $16879.26
ForCapital gain
Cx= 12%*5000
Cx= $600
In conclusion, her gross tax liability
T= 16879.26 + 600
T=$17479
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Answer:
Option B:ABC Equity Income Fund
Explanation:
Mutual fund
This iss simply a form of an investment that comes or raises from the hands of investors, pools the money, which is directly invested on stocks, bonds, and other investments. It is said that under mutual funds, investor involved do owns a share of the fund proportionate to his/her investment but do not actually directly own securities. It pools money from investors with similar financial goals
It therefore necessary to achieve both current income and growth of income best suits the objectives and investment profile of the client. The capital appreciation and biotechnology funds not only fail to provide income; they are too risky for this retired person.
Advantages of Mutual funds
-diversification
-professional management, managers have access to high quality information
Advantage of mutual funds
1. Minimal transaction costs includes:
2. B/C mutual funds trade in high volume, they can negotiate lower transaction costs.