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A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.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

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Walk Co’s average total assets are $200,000, net sales total to $100,000, and net income is $40,000. How much net income did Wal
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Answer:

$0.20 or 20 cents for every dollar invested as assets

Explanation:

To determine how many dollars (or cents) of net income did Walk Co. generate for every dollar of assets invested we have to;

divide Walk Co.'s net income by its total assets = $40,000 / $200,000 = $0.20 or 20 cents. This is called the

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Answer:

A is the correct option

Explanation:

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3 years ago
2. Explain the role of required & excess reserves in the banks approach to the making of loans to the consumer & busines
pav-90 [236]

Answer:

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3 years ago
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Answer:

a. It is serving the bottom of the pyramid.

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The water purifiers are cheap when mass-produced, so by partnering with people from this region they will be able to effectively distribute the incentive.

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Two are true.

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