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Sonja [21]
3 years ago
11

Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where he earns $83,00

0 per year. He participates in a pension plan through his employer. Will also operates a small tax practice in his spare time during tax season and has net Schedule C income of $8,000. He is interested in establishing and contributing to other retirement plans. What options are available to Will?
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer: The options available to Will include; the Keogh plan, the SIMPLE IRA and the ROTH plan.

Explanation: The Keogh plan is a tax- deferred benefit plan available to self employed individuals or unincorporations.

A Savings Incentive Match Plan for Employees Individual Retirement Account, "SIMPLE IRA" is a tax-deferred retirement plan provided by the employer that allows employees to set aside money and invest it to grow for retirement.

A Roth IRA is an individual retirement account that is generally not taxed upon distribution, provided certain conditions are met.

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<u>A</u>

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3 years ago
Explain external economics and external diseconomics​
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If the social cost of an activity exceeds the costs relevant to the decision makers in the activity , there is an external diseconomy . If the benefits of an activity exceed its marginal cost , there is an external economy .

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3 years ago
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Please do react or comment if you need any clarification or if the question helped you so you can help others as well. Thank you.

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3 years ago
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So, Formal education helps a person to develop logical skills.

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3 years ago
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