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 can wait until you retire to pay taxes. Why might he be right?

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Answer 1

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.

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Related Questions

Computer It costs Mak Company $ 28 of variable costs and $ 12 of allocated fixed costs to produce an industrial trash can that sells for $ 60 . A buyer in Mexico offers to purchase 3,000 units at $ 36 each Mak has excess capacity and can handle the additional production . What effect will acceptance of the offer have on net income

Answers

If its $36 per units than it would cost $108,000.

Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did foreigners purchase?

Answers

Answer:

$400 billion

Explanation:

options:

A) $0 billion

B)$1,200 billion

C) $200 billion

D) $400 billion

D) $400 billion is correct answer

(Hope this helps can I pls have brainlist (crown)☺️)

Um...look what i found

Answers

NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA

In 2020, Boris pays a $3,800 premium for high-deductible medical insurance for himself and his family. In addition, he contributes $3,400 to a Health Savings Account. Assume Boris earned $200,000 of net self-employment income. Which of the following statements is true?
a. If Boris is an employee, he may claim $7,200 in deductions for AGI.
b. If Boris is self-employed, he may claim the $3,400 contribution as a deduction for AGI and also claim a for AGI deduction the $3,800 health insurance premium.
c. If Boris is self-employed, he may claim $3,800 in deductions for AGI and the $3,400 contribution as an itemized deduction.
d. If Boris is an employee, he may include $7,200 when calculating his itemized medical expense deduction.
e. If Boris is an employee, he may deduct $3,800 for AGI and may include the $3,400 premium when calculating his itemized medical expense deduction.

Answers

Answer:

For 2020, if you've got self-only HDHP coverage, you'll contribute up to $3,550. If you've got family HDHP coverage, you'll contribute up to $7,100. For 2021, if you've got self-only HDHP coverage, you'll contribute up to $3,600.

In most cases, you'll use HSA funds to purchase the subsequent premiums:

Qualified semipermanent care insurance.

Health coverage whereas you're receiving federal or state social insurance.

Continuation of insurance coverage pro re nata beneath federal law, like elapid snake.

Medicare (for those sixty five or older).

For 2021, the bureau defines a high deductible health arrange as any arrange with a deductible of a minimum of $1,400 for a private or $2,800 for a family. Associate in Nursing HDHP's total yearly owed expenses (including deductibles, copayments, and coinsurance) cannot be quite $7,000 for a private or $14,000 for a family.

Explaintion: hope this helps!

Which of the following would be covered by a home insurance policy?
Question 5 options:

Hospital expenses for surgery

Wind damage to your roof

Accidental injury to a coworker on the job

Damage to another person's car when driving

Answers

Answer:

2

Explanation:

Wind damage to your roof

The answer to this question is B: Wind damage to your roof. That’s because it is the only option that has to do with homes.

When managing in a unionized environment, managers need to remember two words. Bilateral and.

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When someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

In a unionized work-environment, the employers must be enter an individual contracts with the employees since union is the bargaining agent for them.

In a unionized work-environment, the employees who are members of a union enjoys greater job security than the nonunion workers.

Hence, when someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

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according to the u.s. constitution, any tax levied by the government must be

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Answer:

C. for the common defense or general welfare.

A key contribution of ________ was the identification of the major functions of management which are planning, leading, organizing, and controlling. total quality management administrative management the behavioral viewpoint contingency theory

Answers

Every Firm needs management. A key contribution of  Administrative management was the identification of the major functions of management which are planning, leading etc.

Administrative Management is known to be a type of management that is concerned with managing everything about  the organization.  

They are responsible for planning, organizing, leading, controlling, and coordinating and stating the need for budgets and controls.

Conclusively, this type of management is based on seeks to make an organization that is efficient and effective.

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The issue price of a bond is ______. (Select all that apply.) Multiple select question. determined by the company issuing the bonds based on what the market is willing to pay based on a present value calculation determined by the financial advisers

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There are different factors that determines the price of a bond. The issue price of a bond is based on what the market is willing to pay.

The price of a bond is usually known by discounting the expected cash flow to the present using a discount rate. The three factors that affects bond pricing on the open market are supply and demand, term to maturity, and credit quality.

The issue price of a bond is often known by the relationship between the interest rate that the bond pays and the market interest rate being paid on the same date. The different ways needed to known the issue price is to know the interest paid by the bond and other factors.

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When you purchase a new computer from apple. Com for yourself to use at school, you are using which model of e-commerce?.

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The model of e-commerce i am using is Business to consumer sales (B2C)

B2C is where buying and selling takes place between buyers and retailers without any middle person.

In B2C, online retailers sells products and services to consumers through the Internet.  Here,  businesses sell products or services directly to consumers online.

Therefore, when you purchase a new computer from apple. Com for yourself to use at school, you are using Business to consumer sales (B2C) model of e-commerce.

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the price of a discount bond will increase over time, assuming that the bonds yield to maturity remains constant over time true or false

Answers

Answer:

its true

Explanation:

ikaw napo bahala kasi di ko alam

According to Angel Capital Association, the least desirable time to seek angel investment is ______.

Answers

A corporate angel investor is often seen from big multinational and do wants a paid position in the venture. According to Angel Capital Association, the best time to seek angel investment are;  

when you have existing customers. when you have exhausted other alternatives. when the product is developed or near completion.

Corporate angels are simply known to be former executives from large companies who are known to be been downsized or have taken early retirement.

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Poppy most likely qualified for a zero interest auto loan because:
A. her credit-to-debt ratio is very high.
B. her credit-to-debt ratio is very low.
C. she applied during a special auto sale.
D. her credit card balance exceeds her current car loan payment.

Answers

Answer:

her credits to debt ratio is very low

Poppy most likely to be qualified for a zero interest auto loan because her credit to debt ratio is very low Option(b) is correct.

What is credit to debt ratio?

Credit to debt ratio denotes the amount actually owed for revolving credit accounts as merely compared to the value of the credit available to you.

A good credit to debt ratio percentage should be below 30% always as considered which is actually for overall ratio and for a zero interest auto loan means credit to debt ratio is very low.

Therefore Option(b) is correct.

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At his sales firm, Angus tends to have a negative attitude and deflates his group members by being hostile toward their ideas and accomplishments. Angus fills the individualistic role of

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Based on the way he acts towards his colleagues and the effect it has on them, we can infer that Angus is playing the role of Aggressor.

An aggressor:

Behaves in such a way as to dominate others and subjugate them Behaves in a hostile manner and are usually negative Aims to stir up conflict

In being hostile to his colleagues, Angus is trying to subjugate them and stir up negative feelings in the workplace which is what an aggressor would do.

We can therefore conclude that Angus is an aggressor.

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packaging serves several critical functions in the overall success of a product. some of these functions are

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Some of the several functions which packaging of a product serves in making a product successful includes:

It serves as protection to the productit helps to contain the product/goodIt gives the customer information about the product, etc

According to the given question, we are asked to show the several functions which packaging of a product has on the success of the product and how they help to maximize sales.

As a result of this, we can see that packaging is the process of putting a product or a good into a container or a package and it is an important step of branding which further serves to attract the potential customers with attractive packaging, but it does more than this as it also offers protection to the package.

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Answer:

attracting the buyers attention

giving a potential buyer a sense of price , values and uses

explaining the benefits of whats inside

Explanation:

John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If john pays back exactly $120, then the interest was.

Answers

Since john pays back the amount of $120, then, the interest is known as Simple interest.

The Simple interest is the easiest method of calculating an interest rate on a loan.

However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of time

Hence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.

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when the government injects money into the economy, consumers may have more disposable income, which may lead to:

Answers

Answer: Inflation

Explanation:

Hedging risk involves engaging in a financial transaction that offsets a long position by taking an additional ________ position, or offsets a short position by taking an additional ________ position.

Answers

Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.

Risk Hedging refers to various strategy employed to reduce exposure to an investment risk.

Risk Hedging is when the hedge the risk of one investment by taking an offsetting position in another investment.

Hence, the strategy of Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.

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what are control accounts in accounting??​

Answers

In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.


If the price of tortillas is $1.20 per dozen, how many dozen will suppliers offer for sale?

Answers

Answer:

2,500

Explanation:

Recently, Raj switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Raj recognizes that employees have much more respect for his expertise than he perceived at the larger firm where there were a minimum of 25 project managers. According to Maslow, which need in his hierarchy is important to Raj

Answers

According to Maslow's hierachy of needs, the most important hierarchy for Raj is esteem, which symbolizes the individual's desire to be valued by himself and others in society and the workplace.

Maslow developed the pyramid of the hierarchy of human needs, with the aim of explaining how individuals are moved to take actions to meet their needs according to a pre-established order.

The pyramid of needs is divided into five parts, and comprises the most basic needs, which are biological, to the most complex, which are psychological needs. Are the:

Physiological needs.Safety needs.Love and belonging.Esteem.Self-actualization.

Therefore, Raj finds himself in the esteem stage, where he is looking for respect, status and recognition. When his esteem needs are met, he will move into the self-actualization hierarchy, where he will demonstrate greater creativity, talent, and personal development.

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which tech company is named after a very large number

Answers

And the Answer is:

G o o g l e

What will the overall commercial revenue generated by vr and ar.

Answers

According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.

The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.

The data presented in the graph are:

The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.

According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.

Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.

What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?

A) $ 1.44 Billion

B) $ 1,224 Billion

C) $ 18 Billion

D) $ 1.08 Billion

E) $ 864 Million

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Ownership structure can vary from one company to another, but the most basic form of corporation offers ______. Multiple choice question. treasury stock preferred stock common stock net income

Answers

Although the ownership structure can vary from one company to another, the most basic form of corporation offers is known as common stock

As a result of this, we can see that an ownership structure has to do with how a company chooses to operate and the most common form which is usually used is the common stock.

This is very common because the owner of the common stock has a lot of different benefits and it is easier to buy and sell.

Therefore, the correct answer is common stock

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9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.

Answers

Answer:

Explanation:

I

n this article, we discuss the theory and evidence on discrimination in two

key domains—the labor market and the criminal justice system—from an

economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead

to discrimination, but only if you act on it. Moreover, discrimination by individuals

does not necessarily lead to discrimination at a market or societal level. We focus

primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative

sample, as when an employer ascribes differences in an earlier job applicants pool

to a current one even though the applicant population has changed.

The canonical Becker ([1957] 1971) model of employer discrimination suggests

that market forces push back against taste-based discrimination, because prejudiced

employers will pay more for (or hire less qualified) preferred race workers, thereby

decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage

what education do you need for high school

Answers

Answer:

To teach High School, you need a Bachelors degree.

To graduate it, you have to pass English/Language Arts · Mathematics · Science · Social Studies/History · Foreign Languages · Physical Education

3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan of action, set specific goals. B) Be realistic about goals, put goals in writing, implement goals, have specific goals. C) Set up specific goals, put goals in writing , have a plan of action, rethink goals if necessary. D) have a plan of action, set specific goals if necessary

Answers

Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

Type the correct answer in the box. Spell all words correctly. Which method of sales forecasting is this company using? A company wants industry experts as well as its junior and senior employees to complete a questionnaire. Because the company wants respondents to feel comfortable enough to answer the questions freely, it makes the questionnaire anonymous. This company is using the( blank) method of sales forecasting.​

Answers

Sorry for answering late not many people go onto this category. but the right answer would be "A Media Strategy"

Kristina (41), a freelance photographer, reports a net profit of $50,000 on schedule c, profit or loss from business. This is her only income. How much is kristina's self-employment tax?.

Answers

Based on the slab rates for self-employment tax, Kristina's self-employment tax is "$7,650."

What is Self Employment tax?

The self-employment tax rate for 2021 is 15.3 percent which is a summation of the 12.4% Social Security tax and a 2.9% Medicare tax on net earnings.

Given that the net profit of Kristina is $50,000

Therefore, the self-employment tax is calculated as

$50,000 × 15.3% = $7,650

Hence, in this case, it is concluded that the correct answer is $7,650

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trini started a new office job and her supervisor trained her for the position. however, her supervisor was not an adequate trainer and left trini with more questions than answers. the supervisor told trini to take the stack of invoices and enter the order numbers, order amounts, and purchase price into the spreadsheet. the supervisor said to let trini to let her know when she was done entering the numbers so she could check trini’s work. trini worked diligently and entered the numbers into the spreadsheet exactly how they were printed on the invoices. when the supervisor reviewed the work, she told trini it was all incorrect. the order numbers had to have a department code attached, the order amounts had to have backorder amounts subtracted, and the purchase prices should not include sales tax. this supervisor lacks

Answers

Based on the information given, it can be deduced that the supervisor lacks an appropriate communication pattern, therefore, he lacks communication competence.

Communication competence simply means the degree to which the goals of a communicator are achieved through appropriate and effective interaction.

From the information given, it can be seen that the supervisor lacks an appropriate communication pattern, therefore, he lacks communication competence. His information isn't effectively passed to the subordinates.

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