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
Vinil7 [7]
3 years ago
14

Jillian has just started her first job with a $45,000 salary at a company with a 401(k) plan that has a 100% match up to 3% gros

s salary. She figures she can afford to save $3,000/yr out of her income for her retirement. What should Jillian ideally do?
a. Contribute 1650 in a Roth IRA, and 1350 In her company’s 401(k) plan
b. Contribute 3,000 in her company’s 401 (k) plan
c. Contribute 2,00 in a Roth IRA
d. Contribute 1350 in a Roth IRA, and 1650 In her company’s 401(k) plan
Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

Jillian

What Jillian should ideally do is:

a. Contribute 1650 in a Roth IRA, and 1350 In her company’s 401(k) plan.

Explanation:

a) Data and Calculations:

Salary = $45,000

401(k) = 3% of $45,000 = $1,350

Employer's match to the 401(k) = $1,350 (100%)

Savings affordable = $3,000

b) Jillian can contribute to Roth IRA and her company 401(k) which her company will also match 100%.  Her contributions to both funds are within the allowed limits.  In 2020, the allowed limit of 401(k) plan is $19,500 while that of Roth IRA is $6,000.

You might be interested in
Value:
Simora [160]

It is to be noted that the following question below is about a Trial Balance. This is a type of reconciliation book in Financial Accounting.

<h3>What is a Trial Balance?</h3>

Please, note that the original worksheet is not attached, hence the general answer.

This, in financial accounting, refers to the statements or records of all credits and debits in a double-entry accounting book which includes all errors or disagreements between figures and accounts.

Usually, all debit and credit columns sums must and should be equal to show that the account has been balanced.

See the link below about Trial Balance:

brainly.com/question/24914390

6 0
3 years ago
Bank customers try to reduce uncertainty of using a service by drawing inferences from the ________, such as the design of the b
Bas_tet [7]
The answer is "place". Bank clients attempt to decrease vulnerability of utilizing an administration by drawing surmisings from the place, for example, the outline of the building's outside and inside, the format of the work areas, and the length of holding up lines
8 0
3 years ago
Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is
Sav [38]

Answer:

The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.

Explanation:

6 0
3 years ago
Cholula hot sauce, a mexican made chili-based sauce brand, is introducing a new hot sauce flavor and wants to use its owners’ un
Flura [38]

Since Cholula company is sampling the new sauce at a number of supermarkets in texas, where there are multiple market segments likely to enjoy hot sauces, then, the tactics employed is called <u>motivating</u><u>.</u>

<u />

<u />

<h3>What is motivating?</h3>

The term "motivating" is not limited to employee and employer, it is used by firm to induce potential and existing customer to buy their product.

In conclusion, the tactics employed by Cholula company is called <u>motivating</u><u>.</u>

<u />

Read more about motivating

<em>brainly.com/question/6853726</em>

6 0
2 years ago
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. Which device would be useful to him to
jekas [21]

What are the options?
6 0
3 years ago
Read 2 more answers
Other questions:
  • Waxwania is producing $550 of real gdp, whereas the potential real gdp (or full-employment real gdp) is $650. how large is its b
    5·2 answers
  • Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which i
    13·1 answer
  • Kohlberg's theory of moral development can best be summarized as characterizing children's moral development as a process of pro
    15·1 answer
  • The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $142
    7·1 answer
  • The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
    13·1 answer
  • A closed-end fund starts the year with a net asset value of $20. By year-end, NAV equals $20.90. At the beginning of the year, t
    8·1 answer
  • Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does
    10·1 answer
  • Carla Vista Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial
    6·1 answer
  • How does PESTLE help your strategic development team?
    5·1 answer
  • Recall British Consols first issued in 1700s are considered perpetuities. If a British Consol will pay 100 GBP annually starting
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!