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
iren [92.7K]
4 years ago
13

What is an incentive for a person to contribute to an IDA? It earns the highest interest rates available at a bank. It is good f

or the government. An organization matches the amount deposited. The interest on the account is not taxed.
Business
2 answers:
hjlf4 years ago
7 0

Answer:

The answer is: An organization matches the amount deposited.

Explanation:

Individual Development Accounts (IDAs) are used by low income savers for predefined purposes such as buying a house or starting a small business. The greatest advantage of IDAs is that another organization (e.g. foundations, government, corporations) agrees to deposit money in the account that match the amount deposited by the saver.

vagabundo [1.1K]4 years ago
5 0
The correct answer for the question that is being presented above is this one: "An organization matches the amount deposited." An incentive for a person in order to contribute to an IDA is that an organization matches the amount deposited.
You might be interested in
NAME 2 COSTS/DRAWBACKS OF SETTING UP A FRANCHISE?
Lorico [155]
The cost of everything and the problem of not knowing whether or not its going to succeed.
4 0
2 years ago
The most preferred technique for determining how much life insurance coverage is needed for an individual is:
beks73 [17]

<span>In dermining how much life insurance coverage is needed for an individual , you have to consider first, to determine annual income needs of your family if you were to die today. Because you have to consider any lifestyle changes that might happen after te death and include current expenses such as mortgage, rent, groceries, clothing, utility bills, entainment, travel, transportation and child care. Next, you have to subtract available income from annual income needs. Then, determine the principal needed to generate income to be replaced (annual income to be replaced) devided by (rate of return) = amount of principal needed. Next, Add one-time expenses of your survivors will have to pay including funeral expenses. Lastly you have to subtract one-time gains such as the total amount of money or profit that is made from other life insurance policies, assets from selling a business or other payouts.</span>

5 0
4 years ago
When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the let
borishaifa [10]

Answer:

a. I will hire three new salespeople prior to our next product release.

Explanation:

Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.

3 0
3 years ago
Citibank need to borrow $1 million for 6 months starting in 2 years. Citibank is concerned about the interest rate would like to
Shkiper50 [21]

Answer:

"$ 15,000" is the correct solution.

Explanation:

The given values are:

Agreed fixed rate,

= 0.04

LIBOR rate,

= 0.01

No. of borrowing months,

= 6

National amount,

= 1000000

Now,

The net payment will be:

= National \ principal*(Floating \ rate - Fixed \ rate)\times \frac{No. \ of \ months}{12}

On substituting the above values, we get

= 1000000\times (0.01-0.4)\times \frac{6}{12}

= 1000000\times (-0.03)\times 0.5

= -15,000 ($)

3 0
3 years ago
If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United S
zhuklara [117]

If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United States may work through WTO in removing preset trade barriers so that the small country can more easily purchase the aircraft.

Explanation:

The World Trade Organisation (WTO) is the only international organisation that follows global trade law. It primarily ensures trading is as easy, consistent and free as possible.

World countries meet in the WTO to discuss whether trade restrictions, such as tariffs, should be reduced. WTO talks are conducted in "rounds" where every nation negotiates a trade development agreement, takes a year or two off again and starts negotiations for a new deal.

3 0
3 years ago
Other questions:
  • The primary goal of a federal reserve system is to?
    12·1 answer
  • Consider the following accounts (Click the icon to view the accounts.) Identify the financial statement (or statements) that eac
    9·1 answer
  • When a sales manager determines that her staff is not making sufficient progress toward meeting monthly sales quotas and develop
    15·1 answer
  • Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet's ret
    13·1 answer
  • Kent Manufacturing produces a product that sells for $64.00 and has variable costs of $35.00 per unit. Fixed costs are $348,000.
    10·1 answer
  • Costing the type of job costing​
    15·1 answer
  • Assuming a normal upward-sloping supply curve and downward-sloping demand curve, if the government imposes a $5 excise tax on le
    14·1 answer
  • Identify the following costs as fixed or variable:
    11·1 answer
  • Money held by the lender to pay homeowners insurance and property taxes is put in a fund called _____. A. Closing costs b. Commi
    12·1 answer
  • What part of the cover letter explains how the applicant’s qualifications meet the needs of the company?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!