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3 years ago

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

Business

1 answer:

Inessa [10]3 years ago

4 0

1. I believe the answer is: decrease/decrease

401k is taken from a part of your total income. So, increasing the amount of 401k deduction would reduce the amount of income that you can brought home. But, since 401k is not eligible as tax payment, increasing it would be resulted in the decrease of your tax payment.

2. I believe the answer is: increase/not change

w-4 allowance would provide us with tax deductables that can reduce our federal tax payments depending on our marital status. It would increase the net pay that you can bring home, but since it part of obligation to begin with, there would be no change in your total tax burden

3. I believe the answer is: The refund would be larger

Decreased w-4 allowance in this context would mean that you pay more taxes than your are obligated to pay (usually happen when you forgot to include your deduction) , because of this, you have the right for a larger refund to compensate for the over payment.

4. I believe the answer is: net pay

Net pay refers to The amount of payment that you still hold after all deductions are being made. Net pay represent your overall disposable income, meaning the maximum amount of income that you could use for your consumption.

5. I believe the answer is: You minimize your tax refund

Tax refund could only be gotten after you following the procedures that could take up a lot of your time. Rather than getting the financial value from tax refund, you should get it from not over paying the tax payment to begin with. With this you obtain the financial value without following time consuming procedures.

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Seven years ago, Carlos took out a 30-year mortgage for $185,000 at 5.6 percent. He has made all of the monthly payments as agre

marin [14]

Answer:

Remaining balance of loan after 7 years ( today ) = $ 164,619.6

Explanation:

amount of mortgage = $ 185,000

original term of loan 30 years * 12 = 360 months

interest rate = 5.6 % * 1/12 =0.4666% per month

monthly payment = amount oa mortgage * i /[ 1- (1+i)^-n ]

= $ 185,000 * 0.4666% / [ 1- ( 1 +0.4666%)^-360 ]

= $ 863.21 / [ 1 - 0.187148 ]

= $ 863.21 / 0.812852

= $ 1061.95

after 7 years, that means 84 months, remaining term = 360 months - 84 months = 276 months

remaining balance of loan = amount of loan * ( 1+ i )^n - monthly payment * [ {( 1 + i )^n - 1 } / i ]

remaining balance of loan after 7 years ( 84 months ) = [ $ 185,000 * ( 1+0.4666%)^84 ] - $ 1061.95 * [ {(1+0.4666%)^84 - 1} / 0.4666 ]

= [ $ 185,000 * 1.47850 ] - $ 1061.95 * ( 0.47850 / 0.4666% ]

= $ 273,522.5 - $ 1061.95 * 102.55

= $ 273,522.5 - $ 108,902.9

= $ 164,619.6

remaining balance of loan after 7 years ( today ) = $ 164,619.6

6 0

3 years ago

The current account is best defined as:

stiks02 [169]

Answer:

The account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.

Explanation:

A current account can be defined as an account that record the different transactions a country carries out with another country. A current account comprises of net primary income, earnings from foreign investors that have occurred within a particular period of time.

Almost all countries are involved in trading of goods and services with another country, a current account helps to evaluate the manner in which a particular country traded their different goods with foreign markets.There tends to be a postive balance of a country exports more goods than it imports.

4 0

3 years ago

Describe <br> four factors that determine wage differentials?

Snowcat [4.5K]

<span>The four factors that determine wage differentials include efficiency in labor, where skilled workers may get higher pay than the unskilled ones; working conditions is another factor, as performing one’s job in dangerous areas may give higher pay to compensate for the risks involved; discrimination also affects the wage rates and said rates may be biased against a certain person or group; lastly, there is the demand for laborers across occupations that vary, and the wage paid may depend on the desirability or the requirements needed for a certain job.</span>

3 0

3 years ago

Verbal orders by telephone or in person are discouraged. In cases where verbal orders are necessary, which of the following is t

oksano4ka [1.4K]

Answer:

The person receiving the order should read it back to ensure that the order is correct.

Explanation:

In business communication the best way to communicate orders is in written form since this allows for clear conveyance of the message in the order. Using verbal means to give orders over the phone is prone to misinterpretation and there is less accountability when the subordinate claims he did not understand the order.

To curtail this it is advisable for the recipient of the order to repeat the order. This shows it has been clearly understood.

5 0

3 years ago

Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their

Alekssandra [29.7K]

Answer:

The supervisors represent the company on a day-to-day basis.

Explanation:

Craig said that the supervisors take employee relations as part of their jobs.

The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.

5 0

3 years ago

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

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