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MArishka [77]
3 years ago
9

Danny works for a company that matches his​ 401(k) retirement contributions at a rate of ​"$0.25 per​ $1" of his​ contributions,

up to 6​% of his salary. Danny earns ​$50000​/year. Using Doc​ White’s advice, what is the minimum amount of salary that Danny should contribute to his​ 401(k) plan each​ year? A. ​$50000​/year B. ​$3000​/year C. ​$12500​/year D. ​$12000​/year
Business
1 answer:
Nadusha1986 [10]3 years ago
7 0

Answer:

B $3000/year

Explanation:

The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year

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3 years ago
A business issued a 120-day, 5% note for $84,000 to a creditor on account. Journalize the entries to record (a) the issuance of
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Answer:

a. Issuance of note:

Date             Account title                                         Debit                   Credit

XX-XX          Accounts Payable                            $84,000

                    Notes Payable                                                                $84,000

b. The payment of the note at maturity, including interest. Assume a 360-day year.

Interest payment = 84,000 * 5% * 120/360

= $1,400

Date             Account title                                         Debit                   Credit

XX-XX          Note Payable                                    $84,000

                     Interest payable                               $1,400

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3 years ago
What is the term of shipping directly from the supplier to the end consumer rather than from the​ seller, saving both time and r
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The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the​ seller, saving both time and reshipping​ costs is "Drop Shipping."

<h3>What is drop shipping?</h3>

When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.

Some key features of drop shipping are-

  • A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
  • A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
  • Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
  • Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
  • It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.

To know more about drop shipping, here

brainly.com/question/13959949

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7 0
1 year ago
A purchase made with no planning or research is a(n) __ buying decision.
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<span>A.impulse
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4 years ago
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Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th
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Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

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3 years ago
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