All of the following are advantages of this type of retirement plan EXCEPT C) The 10 percent penalty tax does not apply to distributions prior to age 59.5.
<h3>Which of the following is a major benefit of an employer-sponsored retirement plan?</h3>
The plans lower your taxable income, which means that you will pay less in taxes for the year. They also grow deferred, which means that any profits growth is tax-free until it is withdrawn, and you can receive "free money" through employer matching contributions.
A profit sharing or stock bonus plan is a type of defined contribution plan where the employer or the plan specifies how much money will be donated each year (out of profits or otherwise).
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Answer:
A) low job satisfaction and high job involvement
Explanation:
Vera is currently having negative feelings about her job, since she is experiencing low job satisfaction. She really believes that she made a good job in choosing potential authors and helping them improve their work, which means that she shows a high job involvement. The problem is that management doesn't seem to notice it, and keeps rejecting the authors she submits to them.
If that situation continues, she might keep working for the firm (for the good perks and salary benefits) but her performance and job involvement will eventually suffer. If she starts to believe that no matter how good or bad she works, management will never consider her authors, then she might stop caring about doing a good job.
Answer:
The correct answer is A)
Explanation:
There is no good or service that is unlimited.
The concept of the Barter system was simply a method of exchanging value for value.
- It was phased away due to several reasons:
- It was not a good store of value as many of the goods were perishable
- it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange
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Answer:
0.73
Explanation:
Given that
WACC = 11%
Tax rate = 34%
Cost of equity = 14.9 %
Cost of debt = 8.6%
Recall that
WACC = (cost of equity × % of equity) + (cost of debt × % of debt) + ( 1 - tax rate)
We are to find
Cost of debt and cost of equity
Let
Cost of debt be x
Cost of equity be (1 - x)
Thus,
0.11 = (1 - x)(0.149) + (x)(0.086)(1 - 0.34)
x = 0.4228
Therefore,
Debt-equity ratio
= Cost of debt/cost of equity
= 0.4228/(1 - 0.4228)
= 0.73
Gross income is the total amount of income before any deductions.
In this case, you would add Edna's salary, commission, and earned interest.
For adjusted gross income, you would subtract payment to retirement and withdrawal from the GROSS INCOME you calculated previously
