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Ad libitum [116K]
3 years ago
12

Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you ca

n wait until you retire to pay taxes. Why might he be right?
Business
1 answer:
DochEvi [55]3 years ago
8 0

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

  • When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

  • Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

Learn more from

brainly.com/question/25015992

You might be interested in
)Investors in international finance are moving funds from Country X to other countries. This depreciation is causing even more d
monitta

Answer:

The supply for the currency will be bigger while the demand for the currency will be lower causing the currency value to depreciate.

Explanation:

As current foreign investors move fund out of country X, they will have to exchange their invested fund denominated in country X's currency to another currency which will result in higher supply of Country X's currency in the market.

Fewer foreign investors also means the demand for exchanging foreign's fund for Country X's currency to further expand investment or to start a brand-new investment will be lower because these investor will keep its fund denominating in the currency of their investment destination.

The affects on both supply and demand of country X's currency will cause further depreciation of the currency.

6 0
3 years ago
What happens when the fed aims to change interest​ rates?
masya89 [10]
What happens when the fed aims to change interest​ rates? It buys or sells government bonds on the open market to achieve the desired rate. The fed can change interest rates based on sales or purchase of government bonds. Interest rates are defined as the amount of money you can accrue while you have your money in an interest barring account. They can also represent money that is applied to the principle of a loan or credit card when financing an item. 
6 0
3 years ago
Your retirement account has a current balance of $50,000. You plan to add $6,000 a year to the account for each of the next 30 y
enot [183]

Answer:

21.45%

Explanation:

Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000

Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%

Where,

nper = number of period = 30

pmt = annual payment

pv = present value which has a default value of 0.

fv = future value = $950,000

Note: Find attached the excel sheet to see result.

Download xlsx
4 0
3 years ago
a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a co
Sliva [168]

Real GDP per capita can grow in a country with the institution of economic and public policies.

<h3 /><h3>How can a country increase its GDP?</h3>

It is essential that in a country with high levels of social and economic inequality, the government institutes reforms that generate inclusion and opportunities for individuals, such as an economic growth program, which reduces interest rates on loans, encouraging entrepreneurship and investments.

Therefore, a series of measures must be instituted to increase a country's GDP, such as investment in education and job creation.

Find out more about public policies here:

brainly.com/question/1064937

#SPJ1

8 0
2 years ago
A_______is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix inten
Fittoniya [83]

Answer: Target market

Explanation:

  The target market is the term which is used is refers to the group of the consumers or an organization that are specifically targeted for the business and the marketing purpose.

By using the target market method the company promoting their products and the services in the market and they mainly focuses on their marketing efforts.

According to the given question, the target market is one of organization that helps in maintaining and also implementing the marketing mix for meets the actual requirement o the customers.  

  Therefore, Target market is the correct answer.    

4 0
3 years ago
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