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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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Given the following make-buy information, what would be the break-even point?Make Option Buy OptionFixed Costs $15000$1250Variab

grin007 [14]

Answer:

d. 2750 units

Explanation:

The break-even point occurs when the make option cost equals the buy option cost. The number of units 'x' needed in order for both options to yield the same costs is given by:

$\$15,000+x*\$5=\$1,250+x*\$10\\\\x=\frac{\$15,000-\$1,250}{\$10-\$5}\\\\x=2,750\ units$

The break-even point is 2,750 units

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3 years ago

If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity

solong [7]

If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.

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2 years ago

The town of Smallsville is considering building a museum. The interest on the money Smallsville will have to borrow to build the

mestny [16]

Answer: See explanation

Explanation:

a. This has been solved and attached.

Note that the net benefits was calculated as:

= Marginal benefit - $200

b. Looking at the table and information provided in the attachment, we would see that no company offer to build the museum because since their cost of $1000 can't be covered by the revenue generated. The highest revenue gotten for the single price monopolist is $760 and this can't even cover their cost.

c. Based on the scenario given in (c), the highest revenue the price discriminating monopolist would make is $1200 and coupled with the fact that the cost is $1000, the maximum bid that a private company would make to supply the museum to Smallsville is $200 ($1200 - $1000)

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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>

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3 years ago

Match the term with the correct definition.

bixtya [17]

Answer:

Matched as below

Explanation:

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c. Certified check: A draft that is payable on demand, drawn on or payable through a bank, and specially designated

d. Traveler’s check: A draft that had been accepted by the bank on which it is drawn, promising to pay the check when it is presented

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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.

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