All categories

2 years ago

Which statement describes the key difference between a traditional IRA and a Roth IRA?

1 answer:

6 0

"Traditional IRA contributions are made with pretax dollars, while Roth IRA contributions are made with after-tax dollars" statement describes the key difference between a traditional IRA and a Roth IRA.

Option: D

Explanation:

A traditional IRA that is an individual retirement account enables investors to channel pre-tax income into assets that can increase tax postponed. Donations to a traditional IRA might be tax deductible focusing on the earnings, tax filing record and other considerations of the taxpayers.

A Roth IRA is a tax-favored retirement savings account that enables you to tax-free withdraw your savings. These are sponsored with after-tax dollars; tax-deductible investments are not. But the cash is tax-free until one begin withdrawing funds.

You might be interested in

Paige earned $15.50 per hour. She received a 15% raise. How much more does Paige earn now per hour?

Evgen [1.6K]

Answer:

232.5

Step-by-step explanation:

If you take 15.50 and multiply it by 15 you get 232.5 if its wrong my apologies

3 0

2 years ago

Read 2 more answers

"is it appropriate to use the normal approximation for the sampling distribution of"

Katyanochek1 [597]

Answer: Normal approximation can be used for discrete sampling distributions, such as Binomial distribution and Poisson distribution if certain conditions are met.

Step-by-step explanation: We will give conditions under which the Binomial and Poisson distribitions, which are discrete, can be approximated by the Normal distribution. This procedure is called normal approximation.

1. Binomial distribution: Let the sampling distribution be the binomial distribution $B(n,p)$ , where $n$ is the number of trials and $p$ is the probability of success. It can be approximated by the Normal distribution with the mean of $np$ and the variance of $np(1-p)$ , denoted by $N(np,np(1-p))$ if the following condition is met:

$n>9\left(\frac{1-p}{p}\right)\text{ and } n>9\left(\frac{p}{1-p}\right)$

2. Poisson distribution: Let the sampling distribution be the Poisson distribution $P(\lambda)$ where $\lambda$ is its mean. It can be approximated by the Normal distribution with the mean $\lambda$ and the variance $\lambda$ , denoted by $N(\lambda,\lambda)$ when $\lambda$ is large enough, say $\lambda>1000$ (however, different sources may give different lower value for $\lambda$ but the greater it is, the better the approximation).

5 0

3 years ago

A new washing machine used 3 2/4 gallons of water per full load to clean cloths. If John washed 2 2/3 loads of clothes, how many

kumpel [21]

We know that
3 2/4 -------------> is (3*4+2)/4--------> 14/4-------> 7/2
2 2/3 --------------> is (2*3+2)/3--------> 8/3

if a new washing machine used 7/2 gallons of water ------------> one full load cloths
 X gallons of water------------------------------------------------------> 8/3 of load cloths
X=(8/3)*(7/2)---------> X=56/6------->28/3 gallons of water
28/3--------> 9 1/3 gallons of water

the answer is
9 1/3 gallons of water

7 0

2 years ago

If 56% of people own a dog and 5 people are chosen at random, what is the probability that at least one person owns a dog?

wariber [46]

Answer:

2.8

Step-by-step explanation:

we do 56% times 5= 2.8

so 2.8 is your answer

(this answer was given by my friend who claims this is true.)

4 0

1 year ago

What is the solution of log(t-3)=log(17-4t)?

solmaris [256]

Log=13
t=4
So, this is because they already given you t because the four is on front of it that gives you your value. From there you will proceed to j7st do the math in your parentheses. You should get log=(1) & log=(13) because 1 times anything is that number just use the inverse of each would be eachother. So, 1x13 is the same as 13x1

6 0

2 years ago

Read 2 more answers