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
Ne4ueva [31]
3 years ago
9

Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e

mployee's salary contributed to the 401(k). Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much money in dollars is the total contribution to her account (her contribution plus the employer match) every year?
Business
2 answers:
Gre4nikov [31]3 years ago
7 0

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

NeTakaya3 years ago
4 0

Answer:

$8,000

Explanation:

Total contribution to Sophia's account = Jahwana's contribution + Company's contribution

Jahwana's contribution ( $ 40,000 * 15% ) = $ 6,000

Company contribution( $ 40,000 * 5% ) = $ 2,000    

( $ to $ restricted to 5% of employee's salary)

Total contribution to Jahwana's account = $ 8,000.00

You might be interested in
Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividend
alexgriva [62]

Answer: True

Explanation: Cumulative preferred shares of a company carries some special rights as per law. The holders of such stock must be paid any current or prior period accrued dividends before any payment of dividend to common shareholders. The dividends of such shareholders is fixed in nature.

Also in the event of liquidation they will be preferred before any common stock holders.

Thus, the given statement is true.

3 0
2 years ago
You are a public relations specialist for the local university. The board of regents has decided to raise tuition, and they have
hichkok12 [17]

Answer:

Callous

Explanation:

Showing the counters of tuition $200 per credit.

4 0
3 years ago
I WILL MARK BRAINLIEST IF CORRECTHow does the value of the cars produced by the Japanese company within the United States impact
goblinko [34]

Answer:The value of cars produced by a Japanese company are part of United States Gross Domestic Product (GDP) as long as the cars are produced in a factory located within U.S. territory.

The reason why is that GDP includes the final value of all goods and services produced within a country, during a specific period of time (usually a year). If the cars are produce in U.S. territory, they are counted as part of U.S. GDP, even if the company is from Japan or any other country.

Explanation:

8 0
2 years ago
The Marchetti Soup Company entered into the following transactions during the month of June:
Ierofanga [76]

Answer:

Explanation: Kindly find attached the transaction

Download xlsx
5 0
3 years ago
Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 130.5 million yen
myrzilka [38]

Answer:

$845,207.3

Explanation:

Calculation for what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars

First step is to calculate the exchange rate of 1 yen for 140.0 yen per dollar and 154.4 yen

Exchange rate of 1 Yen = $1 /140

Exchange rate of 1 Yen= $0.007142858

Exchange rate of 1 Yen = $1 / 154.4

Exchange rate of 1 Yen= $0.006476684

Now since the price for the item bought was 130,500,000 Yen which means that the exchange rate for 1 Yen will be $0.006476684

Now let calculate the dollar amount

Dollar amount=(130,500,000 *$0.006476684) / 1

Dollar amount= $845,207.3

Therefore the dollar amount that DeGraw would actually receive after it exchanged yen for U.S. dollars is $845,207.3

7 0
2 years ago
Other questions:
  • The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 201
    8·1 answer
  • If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t
    15·1 answer
  • Investing in a money market mutual fund is a higher risk than investing in a certificate of deposit because unlike cds, money ma
    11·2 answers
  • Is stuedent loan debt funded by us government?
    13·1 answer
  • order for the auto parts shop is $80; the holding cost of carrying 1 unit is $1.2 per year. The shop has 360 working days per ye
    12·2 answers
  • Danielle, a graduate in fashion technology, always found it tough to find clothes for her as she belonged to the category of plu
    6·1 answer
  • if estimated land value is 225,000 total net operating income is 85,000 and interest on the estimated land value is 14% per year
    8·1 answer
  • What is the Internet?
    15·2 answers
  • Word processing and spreadsheet software are examples of _____, which are used broadly across large and small businesses.
    8·1 answer
  • A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The contribution margin ratio is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!