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
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
mixer [17]

Answer:

B) networking

Explanation:

Networking involves the sharing of information and ideas among people in a social group, or social set up. Networking happens in informal groups formed by people who share common interests and ambitions.  Professional use networking to expand their circles of friends, acquaintances, and potential business partners.

Business people join or create networking groups to develop relationships with other business-minded people. By joining the local chamber of commerce, Galena will interact and socialize with other businesswomen. She will make friends and get a platform to engage with other professionals in her field.

4 0
3 years ago
Kite Sales. Wendy is president of a business that manufactures kites. The kites of her company, ABC Kites, are sold to large toy
LuckyWell [14K]

Answer:

She violated the duty of loyalty

Explanation:

One of the fiduciary duties of a director is to always act in the best interest of the company .

Similar to this is the duty of loyalty that prevents the director from acting against the interest of the company and also guide the director against activities that could bring conflict of interest whereby he is involved in reaping personal benefits from the position she occupies .

This describes Wendy's action of personal dealing based on her position as the president of Kite sale

5 0
3 years ago
Which is the BEST definition of marginal benefit?
Liono4ka [1.6K]

Answer:

the possible income from producing an additional item.

Explanation:

hope this helps if not let me know

6 0
1 year ago
This is one of the questions I have and I have no idea what they might be
Westkost [7]

Answer:

1) You get what you get and don't throw a fit?

2)Be patient???

I hope this helps TwT

6 0
2 years ago
Pop Consulting leased machinery to Red Inc. on July 1, 2018. The lease was recorded as a sales type lease. The present value of
labwork [276]

Answer:

The increase in earnings is $136511.56

Explanation:

Since the lease is a sale type of lease,it means that as soon as the machinery is delivered to the lessee,profit should be recognized on the lease transaction,which is computed below:

Profit on lease=present value of lease payments-costs

                         =$274149-$156000

                          =$118149

However,every six months interest is charged on the lease,which clearly indicates another source of earnings,the interest in the first six months is given below:

Interest=($274149-$44617)*8%

             =$18362.56

Please note that interest is charged after lease payment as lease payment is made in advance not in arrears.

Conclusively, the increase in earnings is $118149+$18362.56

That is $136511.56

                                                                   

5 0
2 years ago
Other questions:
  • Ruth gives Seth a computer as a gift. Using the computer, Seth develops a new game, for which he obtains intellectual property p
    8·1 answer
  • Dividing an organization’s manufacturing jobs into drill press, milling, heat treat, and assembly areas is an example of groupin
    9·1 answer
  • Which of the following is true concerning temporary and permanent accounts?A. Cash is a temporary accountB. Permanent accounts r
    11·1 answer
  • Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
    11·1 answer
  • Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However
    9·1 answer
  • Miracle Mobile Devices, Inc., is a private, for-profit corporation that
    5·1 answer
  • Butterfly Tractors had $21.00 million in sales last year. Cost of goods sold was $9.40 million, depreciation expense was $3.40 m
    10·1 answer
  • How does knowledge of labor market information assist HR professionals in developing a quality staffing plan?
    15·1 answer
  • What motivates U.S. companies to tailor their policies and practices to address
    15·1 answer
  • A firm that shuts down temporarily has to pay a. its fixed costs but not its variable costs. b. its variable costs but not its f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!