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
NemiM [27]
3 years ago
13

Which of the following statements is true regarding 401(k) accounts? A. Employers are not allowed to match employee contribution

s. B. Benefits are capped at $401,000. C. Workers can take a distribution from a 401(k) at any time with no penalty. D. Workers can save for retirement and defer income taxes on the savings.
Business
2 answers:
Eva8 [605]3 years ago
8 0
I think it's <span>D. Workers can save for retirement and defer income taxes on the savings</span>
exis [7]3 years ago
6 0

Answer:

Workers can save for retirement and defer income taxes on the savings ( D )

Explanation:

401(k) accounts are a kind of retirement account sponsored by employers of labor, for qualified employees of their various companies. this enables employees to save for retirement and also invest without paying income taxes on these savings because deductions to be saved in these accounts  are made before taxes by the employer. early withdrawals by an employee before age 59 from the account by the  attracts a fine of up 10% and taxes are paid on withdrawals from the account.

statement A statement B and statement C are all false because all these aren't characteristics of a 401(k) account

You might be interested in
A client with a skin infection reports an itching sensation associated with pain at the site of infection. The assessment findin
Nimfa-mama [501]

Answer:

This patient could possible have <em>Tinea Pedis</em>

Explanation:

Tinea Pedis is a contagious fungal infection caused by dermatophyte fungus such as "Epidermophyton Floccosum". This type of infection is more common in places with tropical weather. It mostly affects young males, but it can also affect females and children.

8 0
3 years ago
Read 2 more answers
Management accounting primarily is concerned with providing:A) information to managers inside the organization as well as inform
Inga [223]

Answer:

The correct answer is C:  information to managers inside the organization

Explanation:

Management accounting is a part of accounting that regards the identification, measurement, analysis, and interpretation of accounting information to help managers in the decision-making process to efficiently manage a company’s operations. On the contrary of financial accounting, which is primarily concentrated on the correct organization and reporting of the company’s financial transactions to outsiders (e.g., investors, lenders), managerial accounting is focused on internal decision-making.

5 0
2 years ago
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the service
Law Incorporation [45]
What should I prepare the trial balance from?
4 0
3 years ago
On January 1, Year 1. a company issues $100.000 of 8% bonds maturing in 10 years when the market rate of interest is 9%. The bon
Margarita [4]

Answer:

b) The company will incur a loss

Explanation:

The market rate at the time of issue = 9%, while coupon rate = 8%, it says bonds provide lesser return when compared to the market rate.  

At end of year 2 market rate drops to 6% which is lower than the Bond's coupon rate. Which means the bond's providing high return when compared to the market. So, company to retire the bonds need to pay more than the par value.

As company should retire these bonds more than par value, the company incur a loss.

Option 'B is correct

The company incur a loss

5 0
3 years ago
Why is positive wording more effective in business messages than negative wording?
Vesna [10]
Positive wording has an effect on the message getting received, which is the goal.
3 0
3 years ago
Other questions:
  • You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years.
    13·1 answer
  • How does income inequality affect American taxpayers
    11·1 answer
  • Choose the answer.
    15·1 answer
  • You have worked with the research department to implement the research plan. The team has gathered the data, checked it for accu
    13·2 answers
  • The AFN equation assumes that the ratios of assets and liabilities to sales remain constant over time. However, this assumption
    8·1 answer
  • Bob DeSlob, CEO of Westlake Inc., had supported the development and distribution of the Super Widget, a product that is expensiv
    6·1 answer
  • When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is?
    6·1 answer
  • What is another name for intermediaries? Name two types of intermediaries. Name five non-store retailing methods.
    7·1 answer
  • The general description of the job of HR manager includes Multiple Choice providing high-level administrative support by conduct
    9·1 answer
  • If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!