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Blizzard [7]
3 years ago
6

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

Business
1 answer:
Yuki888 [10]3 years ago
3 0
Answer: Decrease your take-home pay and decrease your federal income taxes in the current year. A 401k allows you to deduct earnings from your current income, and put that money in an account that cannot be opened until around retirement. The money put into a 401k, and the returns earned on that money through interest or investments, is not taxed as income until you take it out after retirement. This means that, when you put some of your earnings in a 401k, your take-home pay is lower for that year (you can't spend that money) and your income tax is reduced. 
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Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $834000 Common stock 1
Rashid [163]

If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

<h3>Assets</h3>

Using this formula

Assets=Equipment+Cash+Supplies+Accounts receivable

Where:

Equipment=$246000

Cash=$216000

Supplies=$33000

Accounts receivable=$92500

Let plug in the formula

Assets=$246,000 + $216,000 + $33,000 + $92,500

Assets =$587500

Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

Learn more about assets here:brainly.com/question/11209470

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3 0
2 years ago
True or False?<br> An online bank and online banking is the same thing.
nevsk [136]
False

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6 0
3 years ago
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Nikki, a supervisor in the local telephone company was swamped with work. She had schedules to write, reports to prepare, and pe
Ahat [919]

Answer:

"TQM is considered a customer-focused process and aims for continual improvement of business operations. It strives to ensure all associated employees work toward the common goals of improving product or service quality, as well as improving the procedures that are in place for production."

If she's skipping TQM training seminars she's not helping to ensure all associated employees, including her, toward improving product or service quality.

Reference: Barone, Adam. “How Total Quality Management (TQM) Works.” Investopedia, Investopedia, 15 Sept. 2019

8 0
3 years ago
Which of the following statements regarding internal development as a means of diversification is false? Multiple Choice Many co
Gre4nikov [31]

Answer:

The answer is An advantage of internal development is that it is generally faster than other means of diversification.

Explanation:

internal development may be time consuming

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4. Suki will soon turn 18 and wants to move into her own apartment in a few years. But she is
cestrela7 [59]

Answer:

D

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thia will help her build credit

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3 years ago
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