All categories

2 years ago

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

2 answers:

7 0

The answer to this question is C. 401k Plan
In 401k plan, employees could automatically deduct some part of their earning to be allocated to their retirement fund.
This deducted earning are considered pre-tax, so the total tax that employees will have to pay is based on the amount of the earning after the deduction.

ehidna [41]2 years ago

5 0

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 plans to their employees. In that case, the employee can take benefit from 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 the type of individual retirement account in that an 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 asthe employer does not offer a retirement plan.

Both A and B:This option is correct.

As both options A and B are 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 the 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.

You might be interested in

Explain how incentives and the limited role of government function in a free enterprise system.

Degger [83]

Answer:

The government has two major roles;

a. The role of a rule maker.

b. The role of an umpire.

Explanation:

A free enterprise system is an economic model where the prices and quantities produced are determined by the market rather than the government. The government usually has limited or no control on the market forces. In other words, a free enterprise system is an ideology where the market is majorly controlled by private businesses. The foundation for free markets are; voluntary trade, private ownership of property and competition in bidding. However, a government controlled economy usually has the following properties, namely; all property is publicly owned, trade is coerced and there is limited competitive bidding. Even though the government has a limited role in a free enterprise system it still has a role in allowing individuals to operate freely in the market. The roles of the government are; rule maker and umpire.

In a free enterprise system, individuals are allowed to do their transactions without any restrictions. Even though individuals are free to operate, there needs to be rules to make sure that the transactions are in deed free. This is where the government comes in to enforce the laws that govern the smooth running of a free enterprise system. The government's role as an umpire means that the government has the authority to solve disputes resulting from different interruptions of the law.

3 0

3 years ago

Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least on

AlladinOne [14]

Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its integrated market communication as well as marketing plan.

Marketing plan is the plan made by any organization to communicate about its products when they are new to launch them in the market.

Integrated market communication is the process which includes different marketing campaigns and marketing plans to define what they want to achieve through the marketing process.

In communicating with the target market The AIDA model is used.

To know more about marketing plan here:

brainly.com/question/24441883

#SPJ4

4 0

1 year ago

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance

Hitman42 [59]

$504000 is the actual return

Explanation:

particulars calculation Amount

Service cost 700000

Interest cost $600000 * 8 \%$ 480000

Less: Expected return $10 \% * 5760000$ 576000

Prior service cost 48000

Net loss 30000

Pension expense 682000

Therefore, the pension expense is $682000

The computation is as follows for the calculation of return (in $000’s)

Plan assets

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0

3 years ago

Stock prices tend to ignore unexpected changes in dividend payments. Companies prefer to cut dividend payments rather than borro

Shkiper50 [21]

Answer: B. Maintaining a steady dividend is a key goal of most dividend-paying companies.

Explanation:

Companies that pay dividends prefer in general, to maintain a steady dividend overtime. This does not necessarily mean that they will pay the same amount of dividend but rather that they will pay out dividends as within a certain percentage range of the net income.

Companies do not prefer to cut dividends so as not to send the wrong message so A is wrong. Share repurchases reduces agency costs so C is wrong. Short term fluctuations in cash flow are not the key favor in determining dividend policy as the company might still pay out the same regardless so this is wrong as well. Option B is the best answer.

7 0

3 years ago

A dairy producer has determined that almost all grocery consumers are potential customers for its products. Which type of market

Flauer [41]

Answer:

undifferentiated

Explanation:

8 0

3 years ago