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
Likurg_2 [28]
3 years ago
13

If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?

Business
1 answer:
SSSSS [86.1K]3 years ago
7 0

Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

You might be interested in
Under FINRA rules, to recommend a direct participation program to a customer, the registered representative must ascertain that
mylen [45]

Answer:

has a fair market net worth sufficient to sustain the risks of the program.

Explanation:

FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, which is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.

A direct participation program (DPP) can be defined as a financial security which gives an investor (customer) access to the cash flow and tax benefits of a business venture.

Under FINRA rules, to recommend a direct participation program (DPP) to a customer, the registered representative must ascertain and ensure that the customer has a fair market net worth that is considered to be sufficient to sustain the risks associated with the program, including loss of investment and lack of liquidity.

5 0
3 years ago
Netpass company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000 shares of treasury stock. the
irinina [24]
<span>The company has issued only 510,000 shares out of authorized 600,000 common stocks. As we know that dividend is paid only on issued shared, and treasury stocks do not get any dividend. So the total amount of dividend that will be paid = 0.65 * 510,000 = $331,500</span>
5 0
3 years ago
Which occupation has the most fatal injuries?
sattari [20]

Answer:

law enforcement

Explanation:

4 0
2 years ago
The largest source of federal revenue are ____ taxes.
Nikitich [7]

Answer:

<u><em>D. Personal Income</em></u>

The sources of Federal Revenue are listen below:

3 0
3 years ago
Read 2 more answers
The credit terms offered by Neutron Enterprise are 2/10, n/30. Neutron sold goods on account to James Company on Jun 14 for $300
Pie

Answer:

Cash A/C            Debit                    $300

  To James company                                  $300

(Amount collected from James Company for credit sale)

Explanation:

Cash A/C            Debit                    $300

  To James company                                  $300

(Amount collected from James Company for credit sale)

Note: The terms here provided that, 2/10, n/30.

Which means that 2% discount if payment made within 10 days, and total 30 days credit allowed.

Here the sales were made on 14 June, and payment received on 27 June that is it took more than 10 days as 10 days complete on 24 June.

Therefore, no discount will be offered.

5 0
3 years ago
Other questions:
  • One common strategy for attracting the most buyers, which can be accomplished through several tactics, is:
    15·1 answer
  • Chillmax Company had planned to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable cost is $21 (includes di
    5·1 answer
  • Which example would be best formatted as a persuasive message?
    7·1 answer
  • A Lexus automobile priced in Japan for export at 3000000 at a time when the exchange rate is 100 now costs $30000 in the United
    7·1 answer
  • The federal government passes a law which a company, JuneCorp, feels unjustifiably discriminates against the company and harms i
    15·2 answers
  • Justify the potential impact of AfCFTA on small business in South Africa​
    8·1 answer
  • This is my mom channel please subscribe​
    10·2 answers
  • An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying
    9·1 answer
  • A student is writing a research paper about the poetry of the Harlem Renaissance. Which style guidelines will the student most l
    7·1 answer
  • An agricultural manager requires work
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!