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GREYUIT [131]
3 years ago
9

Increasing your 401k deduction will ________ your gross pay and __________your federal taxes in the current year. A. Not change,

Not Change B. Decrease, Increase C. Not change, Decrease D. Increase, Decrease E. Decrease, Decrease
Business
2 answers:
seropon [69]3 years ago
5 0
Gross pay is the amount received, before any deductions, so increasing 401K deduction will not change gross pay.

Typically deductions are from the gross pay, resulting in a decrease in taxable amount, hence a decrease in (federal) taxes.
Andreas93 [3]3 years ago
3 0

Increasing your 401k deduction will not change your gross pay and decrease your federal taxes in the current year.


Therefore,


The correct answer choice is:


C. Not change, Decrease


The purpose of the 401K account is to save lots of cash for emergencies, invest cash for school, invest cash for retirement, and additionally save cash for vacation. Money unbroken in this account is not counted as dutiable income after you file your revenue enhancement return, that saves you cash.

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Pacific Rim Co. sells outdoor furniture, garden and patio accessories, baskets, floral arrangements, and pottery to retail garde
sergiy2304 [10]

Answer:

Letter e is correct. <em>Trade salespeople</em>

Explanation:

<u><em>Trade salespeople</em></u> have the main features to help the retailer to perform all sales steps, from product exposure, advertising, pricing and sale process to the end consumer.

Its goal is to devise effective sales process strategies that direct the retailer to prospect customers and increase profitability.

4 0
4 years ago
Seminole Corporation common stock currently sells for $32 per share. The firm recently paid a dividend of $1.25 per share. Flota
Tatiana [17]

Answer:

The cost of internal equity is 11.18%

Explanation:

The constant growth model of DDM can be used to calculate the price of a stock if the growth rate in the dividend is expected to remain constant. The DDM values the stock based on the present value of the expected future dividends from the stock.

The formula for price today under DDM is,

P0 = D0 * (1+g) / r - g

We already know the P0, the D0 and the g. We can plug in these values in the formula to calculate r which is the cost of equity capital.

32 = 1.25 * (1+ 0.07)  /  (r - 0.07)

32 * (r - 0.07) = 1.3375

32r - 2.24 = 1.3375

32r = 1.3375 + 2.24

r = 3.5775 / 32

r = 0.11179 or 11.179%

6 0
3 years ago
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000
goldenfox [79]

Answer:

$12,000 for 2013 and $300,000 for 2018

Explanation:

Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.

Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000

Early in the year 2018, the franchise was forced out of business due to lawsuits.

At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000

Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018

7 0
4 years ago
Read 2 more answers
Dee is a focused, creative, and analytical college graduate with a degree in computer science, who just completed her CSDA certi
mariarad [96]
A person who has a CSDA certification is known as an individual who understand fundamental software engineering principles.

Therefore, the most accurate answer woud be : A. Software developer.

Hope this helps !

Photon
8 0
4 years ago
Read 2 more answers
Choice Creations, Inc. sells hand sewn shirts at $58.00 per shirt. It incurs monthly fixed costs $8000. The contribution margin
djyliett [7]

Answer:

Contribution margin ratio

= <u>Contribution per unit</u>

  Selling price

= <u>Selling price - Unit variable cost</u>

             Selling price

0.30 =  <u>$58 - Unit variable cost</u>

                     $58

0.30($58) = $58 - Unit variable cost

$17.40      = $58 - Unit variable cost

Unit variable cost = $58 - $17.40

Unit variable cost = $40.60

The correct answer is B

Explanation:

In this case, we need to apply the formula for contribution margin ratio. Contribution margin ratio is the ratio of contribution per unit to selling price. Contribution per unit equals selling price minus variable cost per shirt. Contribution margin ratio and selling price were given with the exception of variable cost per shirt. Thus, variable cost per shirt is made the subject of the formula.

4 0
3 years ago
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