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SCORPION-xisa [38]
3 years ago
12

Bernie is a former executive who is retired. This year Bernie received $190,000 in pension payments and $15,200 of Social Securi

ty payments. What amount must Bernie include in his gross income
Business
1 answer:
N76 [4]3 years ago
3 0

Answer:

$202,920

Explanation:

Calculation to determine determine What amount must Bernie include in his gross income

Using this formula

Gross income=Pension payments Received+85% of social security benefits

Let plug in the formula

Gross income=$190,000 + ($15,200 * 85%)

Gross income=$190,000+$12,920

Gross income=$202,920

Therefore The amount that Bernie must include in his gross income is $202,920

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b, c

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Which force in​ porter's competitive forces model would describe an organization that loses customers due to its product prices
Alexxandr [17]

I guess the correct answer is Substitute products and services

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4 0
3 years ago
What is a good reason to contribute to a 401(k) retirement account?
kykrilka [37]

Answer:

The money in the 401(k) account is not taxed until withdrawn.

Explanation:

A 401 (k) can be defined as a type of compensation (savings) plan that is being sponsored by a business firm or company (employer) to avail its employees the opportunity to contribute into. As a company-sponsored and defined-contribution retirement savings plan, it offers tax advantages to the employees because it reduces their income tax for the particular year while taxing their withdrawals.

A good reason to contribute to a 401 (k) retirement account is that, the money in the 401 (k) account is not taxed until withdrawn. Thus, the money contributed by an employee to a 401 (k) will maintain its tax-deferred status until  he or she withdraws it.

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stepan [7]

Answer:

The dividend yield is 5%

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