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2 years ago

A 529 plan can help you save more money than a traditional savings account because...

Social Studies

1 answer:

ryzh [129]2 years ago

3 0

Answer:

Explanation: A 529 Plan is an educational savings plan with tax advantage to the saver and it is also known as legally as a qualified tuition plan.

It is authorized by Section 529 of the Internal Revenue Code and sponsored by state agencies or educational institutions.

It is important to know that the interest generated under the 529 plan is not taxable by government.

Basically the 529 plan is for future educationally qualified expenses.

While a traditional saving account

is a normal savings account where one can save money in and also has the right to withdraw such funds whenever the funds are needed.

A traditional savings plan also generates interest but the interest generated are taxable. The interest generated on this account are usually moderate as the fund s are not held for a long time.

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Describe the process for creating laws at the local level.

Pachacha [2.7K]

Answer:

All 50 states have legislatures of elected representatives. They consider the matters brought from governors or introduced by its members to create legislation that becomes law

Explanation:

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3 years ago

Please Help! What is the role of the religion in ancient mesopotamia

garik1379 [7]

They had a polytheistic religion meaning they worshipped more than one deity. Hundreds of gods would watch over workers who each worked for a specific deity.

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3 years ago

Suppose you find a rock that contains 10 micrograms of radioactive potassium-40, which has a half-life of 1.25 billion years. By

attashe74 [19]

Answer:

The rock is 3.75 billion years ago.

Explanation:

Given that:

Half life = 1.25 billion years

1 billion years = 10⁹ years

So,

Half life = 1.25 × 10⁹ years

$t_{1/2}=\frac {ln\ 2}{k}$

Where, k is rate constant

So,

$k=\frac {ln\ 2}{t_{1/2}}$

$k=\frac {ln\ 2}{1.25\times 10^9}\ year^{-1}$

The rate constant, k = 5.5452 × 10⁻¹⁰ years⁻¹

Initial amount [A₀] = 80 micrograms

Final amount $[A_t]$ = 10 micrograms

Using integrated rate law for first order kinetics as:

$[A_t]=[A_0]e^{-kt}$

So,

$10=80\times e^{-5.5452\times 10^{-10}\times t}$

$80e^{-5.5452\times \:10^{-10}x}=10$

$\frac{80e^{-5.5452\times \:10^{-10}x}}{80}=\frac{10}{80}$

$\ln \left(e^{-5.5452\times \:10^{-10}x}\right)=\ln \left(\frac{1}{8}\right)$

$x=\frac{10^{10}\times \:3\ln \left(2\right)}{5.5452}=3.75\times 10^9$

So,

The rock is 3.75 billion years ago.

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3 years ago

How did the government try to stop the Great Depression?

myrzilka [38]

The government attempted to end the Great Depression by creating several different programs to give people work. One of the most notable programs was the creation of TVA, which gave thousands of people jobs.

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3 years ago

Read 2 more answers

What term describes the ability to detect an object amongst distractor objects in situations in which the number of distractors

lina2011 [118]

Answer:

Pop-out.

Explanation:

The ability to detect an object amongst distractor objects in situations in which the number of distractors presented is unimportant is called the pop-out ability. This ability occurs when an object is clearly identified among distractors. An object pops-out noticeably from the other objects. This is also called the pop-out phenomenon.

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3 years ago