True. Investors can postpone or avoid income tax by investing through individual retirement accounts. Tax-deferred and tax-exempt retirement accounts are two most popular options for lowering tax obligations. Both forms of retirement accounts reduce total amount of taxes a person will pay throughout their lifetime.
Immediate tax deductions up to the full amount of contribution in tax-deferred accounts is allowed. Money in account continues to grow tax-free. Instead of offering tax reductions on donations, tax-exempt accounts offer future tax benefits.
Tax is not applied to retirement accounts. Maximizing contributions to both types of accounts can be the best tax-savings plan.
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Answer:
Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of .
Explanation:
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Answer:
Nonoperating
Explanation:
The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.
Answer:
$131,000
Explanation:
Given that,
Stockholders’ equity at the beginning = $94,000
net income = $24,000
Dividends paid = $9,000
Common stock issued = $22,000
Stockholders' equity at the end:
= Stockholders Equity at the beginning + Net Income - Dividend + Common stock issued
= $94,000 + $24,000 - $9,000 + $22,000
= $131,000
Therefore, the total stockholders' equity at the end of the year is $131,000.
Answer:
an increase in equilibrium price and an indeterminate effect on equilibrium quantity.
Explanation:
An inferior good is a good whose demand increases when income falls and reduces when income rises.
If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.
An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.
The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.
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