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ycow [4]
2 years ago
10

Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect? the income from the tsa is received inco

me tax-free the amount contributed is deductible from taxable income the interest earnings are tax deferred a tax-sheltered annuity is available to employees of non-profit organizations?
Business
1 answer:
Fudgin [204]2 years ago
5 0

The incorrect statement is : The income from the TSA is received income tax-free. Upon retirement, payments received by employees from the accumulated savings in tax-sheltered annuities are treated as ordinary income.

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630 is the recorder point.

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1 year ago
The director of hr at multimedia corporation is concerned about some stereotyping which has occurred in the work environment. to
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4 0
3 years ago
Use the following information to answer the next three questions.
nalin [4]

Answer:

The  alignment of numbers in the first part of the question is off. However, you solve this question as shown below. The correct answer is C. $1,124.

Explanation:

This is a one-time cashflow type of question where the principal amount is invested once and no other addition is made to the account. You use the future value formula to solve the result of the compounding effect at year 3.

FV formula;

FV = PV(1+r)^n

PV = 800

discount rate; r = 12% or 0.12

total duration of investment; n = 3

therefore; FV = 800(1+0.12)^3

FV = 800 * 1.404928

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6 0
2 years ago
The basic difference between macroeconomics and microeconomics is: In a command economy, the __________ either makes most econom
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Question 2 options are;

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Explanation:

1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

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2 years ago
Promoters of an LLC are Select one: a. are never personally liable on pre-formation debt. b. always liable on pre-formation debt
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Answer:

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