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
Radda [10]
2 years ago
14

Which statement describes the effect of taxes on a traditional 401(k) retirement account?

Business
1 answer:
worty [1.4K]2 years ago
3 0

Answer:

A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

Explanation:

A 401 k is a qualified tax-advantaged saving retirement plan. Usually, 401K  plans are employer-sponsored. Employee contributions to the 401 k plans are deducted from the payroll before taxes are calculated. It means the employee contribution is not taxed at the time it's withheld by the employer.

The amounts saved are invested in market securities such as shares and bonds. The tax due from earning from the investment is deferred to the time of withdrawal. The employee is not required to pay taxes on contributions and investments earning every financial year.

You might be interested in
Question
Crank

In the evolution of the internet e-commerce allows people to make transactions online is the event occurred most recently.

<h3>Why e-commerce has grown up so much?</h3>

Today ecommerce has very vast market online and people are likely to sell and purchase the things online rather than going to physical market.

The increase in e-commerce has brought the emergency of online payment of the goods and services in the ecommerce.

Thus, option A is correct.

For more details about  e-commerce, click here:

brainly.com/question/14157556

#SPJ1

7 0
2 years ago
In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
horsena [70]

Answer:

It will be counted as investment in 2016 and negative investment in 2017.

Explanation:

National income refers to the total value of a country's final output of all new goods and services produced in one year. There are various ways of measuring national income, e.g. GDP, GNP, etc

Therefore, following national income accounting practices, the car would be counted as part of the investments and GDP of 2016, and negative investment in 2017, because that was the year in which it was produced.

4 0
2 years ago
A bond with 25 years to maturity, 7% coupon, quoted on a 6.25% basis is callable in 10 years at 103, 15 years at 102, and 20 yea
eduard

Answer: 10 years to call

Explanation:

Maturity period = 25 years

Coupon rate = 7%

6.25% basis is,

  • Callable in 10 years at 103
  • Callable in 15 years at 102
  • Callable in 20 years at par

This bond is considered as premium bond. Therefore, in case of premium bonds, Yield to call will be lower than the yield to maturity. Here, the question is which call date should be utilized. According to the rule of thumb, it states that always use the term that is nearest to the whole call date.

Hence, on the customer's confirmation, the dollar price quoted must be based on 10 years to call.

8 0
2 years ago
A project manager has to manage tasks and identify schedule problems during the
BabaBlast [244]
Duration of the project. from start to end

3 0
3 years ago
Describe why most countries are described as having a mixed economy​
Tamiku [17]

Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

8 0
2 years ago
Other questions:
  • M10-14 Analyzing the Impact of Transactions on the Debt-to-Assets Ratio [LO 10-5] BSO, Inc., has assets of $600,000 and liabilit
    9·1 answer
  • Compared with a career , a job ?
    11·2 answers
  • Changes in the prices of key commodities have a significant impact on a company's bottom line. For virtually all companies, the
    12·1 answer
  • The political business cycle refers to the phenomenon that just before elections, politicians enact _________ policies. After th
    7·1 answer
  • On April 1, 2021, Parks Co. purchased machinery at a cost of $42,000. The machinery is expected to last 10 years and to have a r
    11·1 answer
  • A job-needs analysis:___________.1. Examines the ethics of each employee in the organization.2. Includes an assessment of how ea
    14·1 answer
  • There are two routes for driving from A to B. One is freeway, and the other consists of local roads. The benefit of using the fr
    7·1 answer
  • Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will
    5·1 answer
  • Each wholesale bag of flour is sold in 25kg bags. Using this information, calculate a new column of data of that works out how m
    6·1 answer
  • When you don't take time to plan how you will spend what you earn each month, you
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!