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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A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.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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What is one advantage of professional appearance?
swat32

Answer:

D. gives a good impression to others

5 0
3 years ago
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A coffee company lowers the price of its one-pound bags of coffee from $10 to $9 and as a result, the quantity demanded increase
r-ruslan [8.4K]

Answer:

Slope = -1

Explanation:

Demand is buyers ability & willingness to buy at a price, time.

Demand Curve is graphical representation of quantity demanded at various prices at y axis, demand at x axis.

Slope = Change in Y i.e ∆Y / Change in X i.e ∆X

'Slope of Demand Curve' is a varied version of 'Price Elasticity of Demand' i.e quantity demanded responsiveness to change in price. Former shows relative change in quantity demanded over a change in price & latter shows change in price for a given change in quantity demanded.

Demand Curve Price at Y axis, Quantity at Axis, Slope= ∆Y/∆X becomes

= ∆P/∆Q. As per given details, ∆P/∆Q = (9-10)/(5-4) = -1/1 = -1

4 0
3 years ago
Which of the following is an an example of a sunk cost?
miss Akunina [59]

Answer:

Option b is correct.

Explanation:

Option b is correct.  

The sunk cost is the cost that has been incurred and which can not be recovered. Thus, anycost that can not be recovered is called the sunk cost. Therefore, the option 'b' that states pushing wrong button and getting a wheatgrass sandwich is the sunk cost because it can not be returned.

5 0
3 years ago
Which of the following is​ true? A. Macroeconomics is the study of the economy as a​ whole, while microeconomics deals with the
anyanavicka [17]
<h2>Macroeconomics is the study of the economy as a whole while microeconomics deals with the individual decision-making units.</h2>

(Option A) is the right answer

Explanation:

Microeconomics  is taken from the Greek prefix called "mikro" which means "small". This is one of the branches of economics which talks about the study of behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It also deals with the interactions among these individuals and firms.

Macroeconomics deals with "large-scale or general economic factors"

It is the study of "National economy"

Eg. Aggregate supply, Aggregate demand , Inflation.

4 0
3 years ago
A trial balance would only help in detecting which one of the following errors?
bija089 [108]
The trial balance is a report keep running toward the finish of a bookkeeping period, posting the completion adjust in each record. The report is essentially used to guarantee that the aggregate of all charges match the aggregate of all credits, which implies that there are no uneven diary passages in the bookkeeping framework that would make it difficult to create precise budgetary articulations. A trial balance would just help in transposition error when exchanging the debit side of journal entry to the ledger. 
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3 years ago
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