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
Nookie1986 [14]
3 years ago
13

. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year

Business
2 answers:
Fittoniya [83]3 years ago
7 0
I believe the answer is: <span>decrease/decrease

two facts about 401k are:

- It directly deducted from the amount of salary that you receive from your workplace, which would reduce your take home pay.

- The tax rate that you should pay is multiplied by your net income. When your income is deducted through 401k, the amount of your net income would be reduced along with your tax payment.
</span>
tatyana61 [14]3 years ago
7 0
Boosting 401k contribution is a good saving plan for retirement. If you increase your 401k contribution, then you will be able to save more and will decrease your take-home pay. This not only boosts saving but also affects the federal taxes int he current year. It can also get with held for your federal and state taxes.
You might be interested in
The evms term that represents the value of work actually accomplished is:
romanna [79]
<span>The EVMS term that represents the value of work actually accomplished is EV. EVMS stands for earned value management system. This system allows businesses to see the cost that is budgeted for work that needs to be done. EV </span>refers to the earned value that is found in the work being accomplished. 
8 0
3 years ago
Question 9(Multiple Choice Worth 5 points) (04.03 LC) In our culture, one recent fatal event is common and does not affect the i
V125BC [204]

The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.

<h3>What was the impact of pandemic over the insurance businesses?</h3>

Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.

Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.

Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.

Learn more about the insurance business here:-

brainly.com/question/24034584

#SPJ1

5 0
2 years ago
What are the marketing channel distribution strategy​
lesya692 [45]

Answer:

The three types of distribution channels are wholesalers, retailers, and direct-to-consumer sales. ... Retailers are generally the customers of the wholesalers and offer high-touch customer service to the end customers.

3 0
3 years ago
Cathy uses, on her new recording drive by, the melody of a song written by earl, without earl's permission. this is
Alexandra [31]
This is copyright infringement.
7 0
3 years ago
You will require $620 in 5 years. If you earn 5% interest on your funds, how much will you need to invest today in order to reac
brilliants [131]

Answer:

Present value of money invested = 485.79 (Approx)

Explanation:

Given:

Future value = $620

Number of years = 5 years

Present value = ?

Rate of interest = 5% = 5/100 = 0.05

Computation of Present value of money invested:

Present value = \frac{Future\ value}{(1+r)^n}\\\\

Present \  value = \frac{Future\ value}{(1+r)^n}\\\\Present \  value = \frac{620}{(1+0.5)^5}\\\\Present \  value = \frac{620}{(1.5)^5}\\\\Present \  value = \frac{620}{1.277628156}\\\\Present \  value =485.786224

Present value of money invested = 485.786224

Present value of money invested = 485.79 (Approx)

8 0
3 years ago
Other questions:
  • One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock
    12·1 answer
  • XYZ Company would like to subnet its network so that there are five separate subnets. They will need 25 computers in each subnet
    13·1 answer
  • 11) A company knows that they will sell 80,000 cases of #2 Pencils at a steady rate over the course of the next year. It costs t
    12·1 answer
  • Altonland Inc., a pharmaceutical company based in the United States, generally appoints a U.S. national as the head of its forei
    12·1 answer
  • He major implied question posed by all employers is
    12·1 answer
  • In an organization in which high-level managers make the effort to involve others in decision making and seek opinions of others
    11·1 answer
  • Descripción narración​
    7·1 answer
  • The rules-based monetary policy reads: The annual growth rate in the money supply will be equal to the average annual growth rat
    12·1 answer
  • More businesses and organizations, such as Amazon, Uber, MTA, an airline industry, professional sport organizations such as MLB
    8·1 answer
  • During a kidney transplant procedure, the renal artery and vein of the donor kidney are connected to the recipient's?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!