1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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. 
You might be interested in
Which of the following is the best area on a vehicle to place a jack
oee [108]

The jacking point. In front of the rear wheels on the frame are two rubber pads for jacking purposes.

6 0
3 years ago
Read 2 more answers
how does being mindful of your strengths, skills, weaknesses, and potential challenges or obstacles impact your personal, academ
aalyn [17]

Explanation:

It’s not unusual for people to compare themselves with others around them, and to feel superior or inferior towards them based on their strengths and their weaknesses.

The thing is, every individual is different and we all function differently based on our personalities. It is important to know yourself and your capacities.

Your strengths are things you can leverage on, things you can use to push yourself further.

On the other hand, your weaknesses are not your downfall. These are areas you need to improve on. It is not something you lack. It is something you need to develop and build.

In order to leverage your strengths and improve on your weaknesses, you first need to know them.

4 0
3 years ago
Mitchell Co. has $1.1 million of debt, $3 million of preferred stock, and $3.3 million of common equity. What would be its weigh
Novay_Z [31]

Answer:

0.45

Explanation:

Calculation for What would be its weight on common equity

Using this formula

Weight on common equity= Common equity/(Debt+Preferred stock+Common equity+ )

Let plug in the formula

Weight on common equity=$3.3 million /($1.1 million +$3 million +$3.3 million)

Weight on common equity=$3.3 million/$7.4 million

Weight on common equity=0.45

Therefore What would be its weight on common equity is 0.45

3 0
2 years ago
Sheffield Corp. compiled the following financial information as of December 31, 2017:
kramer

Answer:

Explanation:.

3 0
3 years ago
Chapter 2 Discussion
Leno4ka [110]

Answer:

1. Many people do not trust businesses that sell products online, especially if they are not familiar with the company’s name. Yet they will walk into a new business in their city and shop with little concern. What causes the difference in people’s views of online businesses versus traditional businesses?

The idea of interactive with a non human entity as a computer make people feel acquard as they distrust what are the final intentions of the person behind the e-shop. They also feel fear as ther dont know where they can go to complain about some deal gone wrong.

2. Do you agree with Dontae that it is easier to shop in an actual store in a mall than from the same business online? Why or why not?  

No, it is easier to buy online as the person do not need to expend the same time an energy in going and buying from a mall

3. What is your opinion of Jillian’s comparison between entering a credit card number online and handing the card to a clerk who checks it using a telephone line from the store to the credit card company?  

I agree, it is the same as buying online, as the clerk could commit a crime as well as the person that is in the telephone.

Chapter 2 Discussion

4. What do you think of Toni’s idea of downloading music for free? Do you think this is legal? How can Toni be sure that she is engaging in legal and ethical behavior when she uses the freemusic site?

Is a good idea and it depends in the type of page you are browsing. If the internet page has a disclaimer saying that the music that is offering is free to download and is legal there is no unethical behavor in it.

Explanation:

7 0
3 years ago
Other questions:
  • The herfindahl index suppose that three firms make up the entire wig manufacturing industry. one has a 50% market share, and the
    10·1 answer
  • As you get older, a Target Date Fund will adjust by…
    5·1 answer
  • Recent research suggests that ________ has/have contributed to the large drop in fertility rates in brazil over the past several
    13·1 answer
  • Radicals use the term political economy instead of _____ to describe their critique of capitalism and the inequitable distributi
    10·1 answer
  • Beauty Inc. plans to maintain its optimal capital structure of 40 percent debt, 10 percent preferred stock, and 50 percent commo
    13·1 answer
  • Which of the following statements is true of activity−based ​costing?
    6·1 answer
  • A ________ is a distinctive group of customers within a larger market who are similar to one another in some way and whose needs
    12·1 answer
  • Ladder Works has debt outstanding with a coupon rate of 6 percent and a yield to maturity of 6.8 percent. What is the aftertax c
    9·1 answer
  • 2. Jamie Lee and Ross are estimating that they will be putting $40,000 from their savings account toward a down payment on their
    9·1 answer
  • A high price-earnings ratio for a stock indicates that either the stock is a. overvalued or people are relatively pessimistic ab
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!