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3 years ago

Which statement summarizes section 401(k) of the Internal Revenue

Business

1 answer:

Rasek [7]3 years ago

4 0

Answer:

A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.

Explanation:

401(k) is defined-contribution retirement account.

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You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th

Ronch [10]

Answer:

you should accept the payments because they are worth $56,451.91 today

Explanation:

We have to determinate the present value of the proposed annuity of $641 per month over a ten year spawn

Then, the value of the annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 641.00

time 120 (12 months x 10 years)

rate 0.005416667

$641 \times \frac{1-(1+0.00541666666666667)^{-120} }{0.00541666666666667} = PV\\$

PV $56,451.9083

5 0

3 years ago

The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins

Tanya [424]

Given:

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

To find:

Total assets after journalizing and posting the adjusting

Solution:

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

$\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700$

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

8 0

3 years ago

It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to

romanna [79]

Answer:

The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.

Explanation:

A mutual fund is an investment alternative that consists of contributions from natural and legal persons (called participants or contributors), to form equity for their investment in shares, debt instruments or fixed income, or a combination of both ( shares + fixed income). They offer a diversified investment alternative since they invest in numerous instruments at the same time. These instruments vary according to the type of fund and are defined by the investment policy regulated by the Superintendency of Securities and Insurance. They are managed by corporations called General Fund Administrators (AGF) that are chosen by the participants themselves. It is important to choose both the administrator and the type of fund based on what best suits each personal situation.

5 0

3 years ago

How does the way that a search engine gets and organizes information help you understand why Googling alone is not enough?

bixtya [17]

Answer:

The search engine works through three primary functions,

Crawling, Indexing and Ranking

Explanation:

Crawling is the process in which the server works as a spiders and finds out information relevant for the user. Indexing is the way to store the web page. Ranking is the priority through which websites are displayed. The most matched text with the URLs are displayed first. The content in the website is matched with the relevance and then displayed to the user.

6 0

3 years ago

An investment will pay $20,000 at the end of the first year, $30,000 at the end of the second year, and $50,000 at the end of th

kondaur [170]

Answer:

$80541.

Explanation:

Please find the detailed answer as follows:

The Present value is the present value of a future amount of money or stream of cash flows of a specified rate of return . Please refer to the present value formula .

Present Value = 20000/ (1+.10) ^1 + 30000/ (1+.10) ^2 + 50000/ (1+.10) ^3 = $80540.95 or $80541 .Therefore the correct answer is $80540.95 or $80541.

4 0

3 years ago