The amount of her post-tax deductions is $120.
<h3>What is post-tax deductions?</h3>
Amount automatically taken out of an employee's post-tax income is known as an after-tax deduction. This sum represents what is left over after payroll taxes and pre-tax deductions from paychecks have been applied.
Post-tax deductions are made from an employee's paycheck following the withholding of all necessary taxes. Post-tax deductions don't cut the overall tax burden for the person because they lower net compensation rather than gross pay.
An after-tax 401(k) contribution is made exactly as the name implies, after taxes have been paid. Earnings increase tax-deferred, much like a Roth 401(k). Contrary to a Roth 401(k), the account's profits are taxed when they are withdrawn. The after-tax choice existed before the Roth 401. (k).
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There are multiple, but the main one would be income tax, because the government will take money from your paycheck, which is money you earn, hope this helps!
D I believe because the others do not seem very voluntary
Answer:
See below.
Explanation:
To compute the change in money supply, we first calculate the credit multiplier,
Credit multiplier is calculated as,
Multiplier = 1 / reserve ratio
When the Bank of Tazi loans 10 million to bank while their reserve requirements stay the same, this additional 10 million will be loaned out and the total change in money supply would be
= 10 million * Multiplier
For example if the reserve ratio was 4% then the multiplier = 1 /0.04 = 25
Then the total change in money supply would be 10 * 25 = 250 million.
Hope that helps.
Answer and Explanation:
The computation is shown below:
Interest payable:
= Borrowed amount × rate of interest × given months ÷ total months
= $80,000 × 7% × 5 ÷ 12
= $2,333.33
And,
Interest expense:
= Borrowed amount × rate of interest × given months ÷ total months
= $80,000 × 7% × 3 ÷ 12
= $1,400
So here for recording the payment of interest the interest payable is debited for $2,333.33
The same is to be considered
