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
9. If the Federal wants to decrease the target rate range for the federal funds rate then it will set the IROB _________________
irina [24]

Answer:

Below

Explanation:

7 0
2 years ago
Sip corp uses no debt. the weighted average cost of capital is 8 percent. if the current market value of the equity is 18 millio
grigory [225]

Since there is no debt, all the capital that the company raises is in the form of common equity.

Since there is only equity (meaning the firm is a fully equity firm), the weighted average cost of capital (WACC) is nothing but the cost of equity

In this case the WACC represents the cost of equity

Therefore, cost of equity = WACC = 8%

6 0
3 years ago
A family with 45000 in asserts and 22000 of liabilities would have a net worth of?
-Dominant- [34]

The answer would be B, $23,000.

8 0
3 years ago
Read 2 more answers
On October 1, 2022, Sheridan Company places a new asset into service. The cost of the asset is $81000 with an estimated 5-year l
Ahat [919]

Answer:

the depreciation expense for 2022 is $3,000

Explanation:

Straight line method of depreciation charges a fixed amount of depreciation over the period of use of an asset.

Depreciation Expense = (Cost - Residual Value) / Number of useful life

                                      =  ($81000 - $21000) / 5

                                      =  $12,000

The Annual depreciation charge for this machine will be $12,000 for each of the years that it is used in the business.

However since it was paced in use during the year that is 1 October, we have to apportion the Annual charge withe number of months that its has been in use during 2022.

It has been used for 3 months thus depreciation charge is :

Depreciation = 3/ 12 × $12,000

                      = $3,000

8 0
3 years ago
A letter to your headmaster telling him the reasons you want to change your course​
Nata [24]

Respected ________, I hope you are doing great in health. I am writing this letter to you so that I can ask you the permission of course change. As I am studying (Subject or course name) from last six months or one year and continuously my GPA is Decreasing and the studies are getting difficult as the semesters are passing.

Hope this helps :)

6 0
3 years ago
Other questions:
  • You think you did a good job of matching employees to the job to get a good fit, but you want to make sure. Considering costs an
    5·1 answer
  • Which term is used to describe software used by cybercriminals?
    11·1 answer
  • As the production manager, Carlos prefers long production runs of thousands of units in order to drive down unit costs. Anita, t
    5·1 answer
  • All of the following information about a customer must be used in determining annuity suitability EXCEPT
    5·1 answer
  • Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should
    13·1 answer
  • Ace Corp., a company based in New York, uses the delivery services of Red Source Inc. to ship machinery to a customer located in
    8·1 answer
  • Acme Enterprises just bought a new manufacturing machine. Which of these costs should be capitalized? (Check all that apply.)
    15·1 answer
  • DeVonda owns a music store. One night, vandals broke her store's front window. DeVonda called the police, and the police investi
    14·1 answer
  • A computer game that can be purchased online and played right away has good
    5·1 answer
  • Carol maintains an office in her home where she conducts a dressmaking business. During the year she collects $4,000 from sales,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!