This is a little hard to read but:
Youth savings - schools often sponsor it
Stock-indexed - rate rises and falls with the market
Credit Union - members own it
Online Account - minimal overhead means higher interest
Answer:
The cost of underestimating the expenses is $240.
Explanation:
A flexible benefits program can be described as a spending plan in which an employee agrees to a lower cash compensation when the employer has also agreed to pay some costs which the employer can pay without the need for the employee to recognize gross income. Therefore, the medical expenses of the employee for the next year will be estimated by the employee and he or she will accept a deduction equal to the estimated expenses from his or her salary.
From the question, the following are given:
Amount put into flexible benefits account by Rosa = $4,000
Rosa's Actual expenses = $5,000
Marginal tax rate = 24%
Therefore, we have:
Amount by which the account is underestimated by Rosa = Rosa's Actual expenses - Amount put into flexible benefits account by Rosa = $5,000 - $4,000 = $1,000
Rosa's cost of underestimating the expenses = Amount by which the account is underestimated by Rosa * Marginal tax rate = $1,000 * 24% = $240
Therefore, the cost of underestimating the expenses is $240.
Answer:
So Helen can only make a deduction of $12000 from the value.
Explanation:
The amount is given as
The maximum value of phase out allowance is $25000
The value of loss reduction is calculated for the value of MAGI greater than $100,000 which is $26000 in this case thus the solution is given as
$25000-50% *$26000
=$25000-0.5*$26000
=$25000-$13000
=$12000
Answer:
options-based planning
Explanation:
Options-based planning is defined as one that focuses on what could go wrong in a given business venture. Resources are now used to mitigate the projected issues that can arise.
In the give scenario Plastbolt is trying to invest in two smaller plastic manufacturing companies and buy the one that it finds yields better returns.
So they have an option of going ahead with the venture that has better returns.
Answer:
Option B (bail-out) is the correct approach.
Explanation:
- For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.
- It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.
Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.
