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
Radda [10]
3 years ago
12

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

Business
2 answers:
asambeis [7]3 years ago
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]3 years ago
5 0

 

<u>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 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:

A.

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.  

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 asthe employer does not offer a retirement plan.

D.

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

<u>brainly.com/question/1430460 </u>

2. Learn more about life insurance

<u>brainly.com/question/2674013 </u>

3. Learn more about negotiating the 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.

You might be interested in
An interior solution to a consumer's utility maximization problem implies which of the following:A. consuming optimal amounts of
Lelu [443]

Answer:

The correct answer is A

Explanation:

Interior solution is the solution or a choice which is to be made through an agent and that could be characterized as an optimum which is located or situated at the tangency of two curves on the graph.

The utility maximization of the consumer states or defines that the consumer decide or take decision to allocate the incomes so that the last dollar amount which is spent on each and every product bought yields the same amount of the additional marginal utility.

Therefore, the interior solution to the utility maximization of the consumer problem states that the consumer consuming the optimal amounts of all the goods.

7 0
3 years ago
During the process of confirming receivables as of December 31, Year 1, a positive confirmation was returned indicating the "Bal
romanna [79]

Answer:

D. Verify that the amount was received.

8 0
3 years ago
A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis t
GenaCL600 [577]

Answer:

a)$103.309 million initially b)$83.309 million c)240070 bonds more

Here is the complete question:

A firm with an A rating plans to issue one million units of a 10 year-4% bond with face value $100. After the financial crisis this firm is downgraded to a B rating. The yield curve increases 0.2% per year. The yield for year 1 is y1=1%, for year 2 is y2=1.2%, y3=1.4% and so on and y10=2.8%. The default spreads are given in the table below.

(a) What is the initial amount (before downgrading) the firm wants to raise?

(b) How much can this now B rated firm raise?

(c) If the firm wants to raise the planned amount, how many more bonds does it issue?

Rating Default spread

AAA 0.20%

AA 0.40%

A+ 0.60%

A 0.80%

A- 1.00%

BBB 1.50%

BB+ 2.00%

BB 2.50%

B+ 3.00%

B 3.50%

B- 4.50%

CCC 8.00%

CC 10.00%

C 12.00%

D 20.00%

Explanation: The explanation is found in the attachment

8 0
3 years ago
Which of the following is NOT one of the main tasks of strategy-making in a diversified company? 1. establish investment priorit
oksano4ka [1.4K]

The question seems incomplete but here is the complete question.

Which of the following is not one of the main tasks of strategy-making in a diversified company?

1) Establish investment freedom priorities so that resources re steered into most attractive businesses.

2) initiate actions to boost combined performance of the corporation's collection of businesses

3) Picking the new industries to enter and deciding on the

means of entry.

4) pursuing opportunities to leverage cross-business value

chain relationships and strategic fit into competitive

advantage.

5) Divesting well-performing businesses.

Answer:

5) Divesting well-performing businesses.

Explanation:

A firm or company's strategy-making can be greatly influenced y several factors which do not include the castigation of a fellow company or firm. Strategies involve several methods, factors or ways which a firm, company or business can adopt that may improve it's outputs or other goals which are of great relevance. The other factors mentioned above are great strategies which firm can develop n other to achieve its goals and objectives.

6 0
3 years ago
Eric believes works hard he will meet management's goals and that if he meets management's goals, he will get a raise, which he
Elden [556K]

Answer:

Expectancy theory

Explanation:

Expectancy theory - is referred to as the approach in which individual work according to the defined goal. People are motivated to act in a certain way because they believe to have expected results from the way they have selected.  

It also states that desirable outcomes of any behavior hold the motivation by other people

The three main components on which Expectancy theory work are:

- Expectancy

- Instrumentality

- valence

7 0
3 years ago
Other questions:
  • Rosewood Company made a loan of $16,000 to one of the company's employees on April 1, 2020. The one-year note carried a 6% rate
    8·2 answers
  • An immediate order to buy or sell common stock at the best price is a:
    11·1 answer
  • On January 1, the $3,000,000 par value bonds of Spitz Company with a carrying value of $3,000,000 are converted to 1,000,000 sha
    12·1 answer
  • Slimline and Distributor signed a contract providing that Distributor would use reasonable efforts to promote and sell Slimline’
    5·1 answer
  • How is the value of a product determined? A. By the amount a consumer is willing to pay for it B. By how much it cost the produc
    11·2 answers
  • The real purpose of the company's strategic vision:
    11·1 answer
  • 2. An employee has filed a discrimination lawsuit, because although fully qualified, he was not hired for a
    8·1 answer
  • Jordan is considering three choices of spending the new year's eve. Option A is to dine outside at a luxury restaurant; option B
    10·1 answer
  • Some __________ ask members/customers to work at the organization for a number of hours a month as part of their duties.
    12·1 answer
  • Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!