4.  What happens if you need your money in either your 401K or Roth IRA at age 40?

Answers

Answer 1

Answer:

In many cases, a Roth IRA can be a better choice than a 401(k) retirement plan, as it offers a flexible investment vehicle with greater tax benefits—especially if you think you'll be in a higher tax bracket later on. ... A good strategy (if you can manage it) is to have both a 401(k) and a Roth IRA.

Explanation:

Answer 2

Because it offers additional investment alternatives and higher tax advantages, a Roth IRA may be a better option than a 401(k) retirement plan.

An IRA that allows for tax-free growth and tax-free withdrawals in retirement is known as a Roth IRA.

Utilize all of your available savings and investment options, including your IRA and 401(k), to save as much as you can as early on while also receiving the biggest tax cut possible.

Since Roth IRA contributions are made using after-tax funds, the contribution year does not qualify for a tax deduction.

Therefore, it is better to invest in the 401K option.

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Related Questions

Full-time employees must have money deducted from their paychecks for

car insurance premiums.

contributions to charity.

federal income tax.

savings.

Answers

The correct answer is C. Federal income tax

Explanation:

The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

During the recession of 2008 through 2010, Ford
saw sales of its vehicles drop and was forced to
reduce production. This decision reflected changes
in the company's BLANK environment.

Answers

Answer:

During the recession of 2008 through 2010, Ford saw sales of its vehicles drop and was forced to reduce production. This decision reflected changes in the company's ECONOMIC environment.

Explanation:

The automotive industry crises occurred from 2008 to 2010, it was basically a part of the financial crisis that started in 2007. It also effected most of the Europe, but the results in America were far worst than any other part of the world. The main reason behind it was the rise in the fuel prices for these vehicles. As Ford didn't offer much fuel efficient models for costumers, their sales started to decline, which resulted in the reduction of production, and changed the companies economic environment.

Brenda conducts brokerage activities and can receive compensation directly from buyers
or sellers. She must be a?
A)Broker
B)Licensee working under a broker
C)Property manager
D)Sales associate

Answers

Answer:

A) Broker

Explanation:

she is a Broker if she recieves compensation directly from either buyers or seller.

moreover, she conducts brokerage activities.

hope it helps .

In compliance with new policies, banks increased rate of interest on housing loans. Gregory’s real estate business started suffering losses because fewer people borrowed home loans. What risk did his business suffer from?
______ risk held back Gregory’s real estate business.

Answers

Answer:

Economic

Explanation:

This is one of the external risk that is a result in changes in the market conditions.

This is correct on Plato

Credit risk held back Gregory's real estate business.

What is rate of interest?

Interest rate is the percentage at which interest is paid on a loan or the percentage earned on an investment over a certain period of time. It is the cost of borrowing money or the rate at which one can earn money on an investment.

The interest rate is typically expressed as an annual percentage of the principal, and it can be either fixed or variable. When the interest rate is high, the cost of borrowing is high, and this can make it more difficult for individuals and businesses to obtain loans, which can have a negative impact on the economy. Low-interest rates, on the other hand, can make borrowing more affordable and stimulate economic growth.

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Explain the challenges sole proprietors face when considering whether to expand their business.

Answers

Answer:

• Difficulty in obtaining finance

•Unlimited liability risk

• Assuming too many roles

• Heavy decisions making burden

•Going concern

Explanation:

• Difficulty in obtaining finance is one of the many challenges faced by sole proprietors as he seek business expansion. The risk involved in being a sole proprietor is much hence lenders often find it difficult to finance their business.

•Unlimited liability risk is also a challenge against business expansion for a sole proprietor because he faces the risk of loosing his personal assets and that of the business should the business goes bankrupt or liquidate.

• Assuming too many roles poses as challenge to a sole proprietor as he expand his business. In this case, he becomes the manager, customer attendant, cashier etc all of which will become burden on his as the business grows.

• Heavy decisions making burden. A sole proprietor is responsible for making all the decisions regarding his business hence will affect the business as it expands. Some business decisions requires professional advice else the business will collapse in the long run which is often the case with sole proprietors.

• Going concern is an accounting principle which states that a business will continue to exist and into the foreseeable future which is not the case with a sole business owner as his death ends the existence of the business hence a factor against business expansion.

Jessica own a 10 acre property rents to a local sheep rancher for $10,000/year. She wants to use this money to expand her business by building a mall for $4 million. Jessica’s total implicit costs of the expansion plan are: A: the cost of construction of mall and fixed costs of the mall. B: the foregone rent and the cost of the mall. C: the foregone $10,000 from the sheep rancher.

Answers

Answer:

C) The foregone $10,000 from the sheep rancher

Explanation:

Implicit costs are also known as the opportunity costs. Opportunity costs refers to the cost associated with the choice. Opportunity cost also refers to the benefit that is foregone by selecting or choosing some other alternative.

Here, in our case, there is loss of income (of $10,000 per year) from renting that property to a local sheep rancher by choosing to expand her business.

Hope this helps!

Please mark brainliest!

assume peru had an adult population of about 25 million, a labor-force participation rate of 60 percent and an unemployment rate of 6 percent. how many people were employed

Answers

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.  

Feel free to ask for more if needed or if you did not understand something.

The penalty for illegally using copyrighted work depends on the nature of the copyright infringement. How will the offender pay for infringing on copyright materials?

Answers

Answer:

The offender will have to pay attorney fees or have the illegal work confiscated or even go to jail

Explanation:

Copy right infringement means illegal usage of copyrighted works without the owner's express permission. It is a violation of owner's intellectual property or right.

Copywrited works may include films, paintings, novels or creative display of ideas. A particular film for instance may receive protection in copyright law whereby no one can reproduce the film due to the copyright law.

Copywrite holders have sole right to their works which usually lasts throughout their life time and can either be distributed, reproduced or even be displayed publicly.Although there may be permission or licensing from the owner to another party to reproduce his works.

With regards to the above, offenders who infringe on copyright materials will have to pay attorney fees or have the illegal work confiscated or even go to jail.

Answer:

Would have to pay $150,000

Explanation:

I WILL ALWAYS MARK THE FIRST ANSWER THE BRAINLIEST

Answers

Answer:

D. Food Preparation Sink

Explanation:

You are correct! Must wash hands always at the PROPER place, when handling food.

I’m marking the brainliest :))

Answers

Answer:

anything below 40 is right, so it's A

Answer:

Choice A

Explanation:

It is 40 degrees or colder.

Please mark BRAINLIEST!

Erica is CEO of a company and has recently hired a vice president of marketing. She would like to share this information with all three thousand employees. Erica should _____. send an e-mail to all employees use diagramming software to create a chart type a word-processing document and print it call each employee

Answers

Answer:

The correct answer is send an e-mail to all employees.

Explanation:

The correct answer is send an e-mail to all employees.

I am going to explain the why of each options.

call each employee

There are three thousand employees. There is just not enough time to call each employee.

send an e-mail to all employees

The most practical way, as it takes just the time to write the email and send to a list containing all employees.

type a word processing document and print it

use diagramming software to create a chart

With these alternatives, most of the employees would not see the information.

Which tag tells the browser that the document is in html format?

Answers

Answer:

<HTML> tag

Explanation:

When there is inflation, a person can definitely expect

many banks to close.

the purchasing power of money to decrease.

a high number of companies to go out of business.

a high rate of unemployment.

Answers

Answer:

the purchasing power of money to decrease.

Explanation:

Inflation, in economic terms, refers to the rise in the price of the goods and services for a certain period of time. The value of money is decreased.

With the commencement of Inflation, the purchasing power of the money falls. With the rise in the price, the monetary value of the money decreases which leads to purchase fewer goods and services.

Answer:

the answer is b. Or not, its your choice

Explanation:

[as]

Why might a sole proprietor take on a partner instead of hiring an employee?

Answers

Answer:

Please see answer below.

Explanation:

As in the above case, a sole proprietor might decided to take on a partner instead of hiring an employee if he or she is considering business expansion or aiming to add other business which is not his or her field hence requires a partner.

Employing people in the above situation might not be a good decision because adding a new line of business requires capital and expertise , all of which will be provided by the new partner because that is his field.

Also, should there be any losses, both the sole proprietor and the partner will share the losses unlike the employee who will not share in the loss should there be any.

You are concerned about inflation eroding your college savings. You should put your money in an account that offers
A: an interest rate lower than inflation
B: an interest rate higher than inflation
C: low balance transfer fees
D: FDIC insurance

Answers

Answer:

Option B

Explanation:

In simple words, the given case relates to the time value of money. As the inflation in the economy rises the price level also rises leading to lower value of the money in the accounts.

If a depositor gets interest on his or her savings more than the inflation rate than they will get their money worth as per the standards of the inflation. Thus, we can conclude that the correct option is B.

Answer:

Option B: An interest rate higher then inflation

Explanation:

By hiring your children, you can
pay low wages.

show how much you care.

transfer wealth without estate taxes.

avoid payroll taxes.

Answers

Answer:

Avoid payroll taxes

Explanation:

In hiring your children to work for you, you can avoid payroll taxes as long as they are legitimate employees. This therefore means that one can deduct the children's salary from the business income and then write it down as a business expense. That way, the employer does not have to pay taxes on the salary. The taxes are medicare and /or social security taxes.

In hiring your children, certain rules have to be followed and they include: the child must be a real employee, compensation must be reasonable and you must comply with the legal requirements for employers.

Cheers.

Jamal purchased a Subway franchise in a great location across the street from an outlet mall. After two years in business, Jamal felt that he would like to offer his customers more products to choose from. He expanded his Subway business to include ice cream and a small smoke shop specializing in cigars. This product line expansion was very successful. As a result, profits went up and customers loved the new options. One day Jamal received a visit from the Subway franchisor who was shocked to see the product line expansion. This resulted in the Subway franchisor giving Jamal 30 days to restore his Subway business to the terms of the franchise agreement contract which limits the product line to only Subway products. Using the model below, help Jamal get back into compliance with the Subway franchise agreement. Define the problem Explain the cause (or causes) of the problem. Explain the effects the problem has had on the company. Provide a solution (or solutions) to the problem.

Answers

The correct answer to this open question is the following.

Although the question is incomplete because it does not attach the model to answer it we can comment on the following.

The problem is that Jamal, trying to increase profits, decided to sell two different products that are not part of the Subway products. When the franchisor visited Jamal's location, it realized the changes and set an ultimatum to Jamal to respect the franchise agreement.

The cause of the problem is that although Jamal wanted to diversify the products to have more income, this contradicts and is against the franchise agreement he signed when he bought the Subway franchise. The contract clearly states that the owner of the franchise can only sell products authorized in the contract by Subway. That is exactly one of the characteristics of a franchise. That you visit one of them any place in the world, and you are going to find de the same products with the same quality. That is the product guarantee of a franchise like Subway.

So the effects for the company are that its reputation an image can be questioned for selling different products that are hot approved by Subway. It is a major risk the company is not going to allow. Furthermore, it is stated in the contract. So Jamal has no right to break it.

One possible solution is that Jamal respects those 30 days to make the proper corrections, follow the guidelines established in the Subway's manuals, offer a sincere apology, and commit himself to operate the franchise just as it is stated on the agreement.

Your Insurance company bills you $687.89 every 6 months for your premium payments. You decide to pay per month.
What is the monthly premium?

Answers

Answer:

$114.65

Explanation:

If you divide $687.89 by 6 months you'll get $114.64833333333333333 but if you simply you'll get 114.65 and you'll only pay $0.11 over.

Answer:

114.65

Explanation:

Accounting businesses, babysitting businesses, and hairstyling businesses are all examples of what
businesses ?

Answers

Answer:

A single proprietorship business is the answer

Explanation:

A single proprietorship is an unincorporated business owned by an individual and often managed by that same person.

Answer:

1 proprietorship business.

Insurance companies always offer a discount If you pay your annual premium as a one-time payment or lump sum. Your
annual premium is $1,200. You will receive a 6% discount If you pay all at once. How much will you save per year?

Answers

Answer: Your savings per year will be $72

Explanation: For an insurance premium, premiums are by standard, paid once every month. Hence an insurance policy with an annual premium of $1200 would result in a monthly premium payment of;

Monthly Premium =  1200 / 12

Monthly Premium = 100

However, there is an option to pay all $1200 at once, that is, one lump sum just once in the entire 12-month period and taking that option would offer a discount on the insurance premium which is given as 6% and this is calculated as shown;

Premium = 1200

Discount = 0.06 (6 %)

Discount calculated = 1200 * 0.06

Discount calculated = 72

The calculations and result shows that the option of paying the premium at once would result in a savings of $72 per year.

Answer:

Your savings per year will be $72

Explanation:

List at least six possible areas that might be included on an externship evaluation form.

Answers

Answer:

•Initiative

•Administrative task

•Maturity

•Appearance

•Attitude

• Dependability

Explanation:

Externship is a programme offered to college students which forms part of their work experience in relation to their course of studies. It affords student to have work experience during their educational study.

The externship evaluation form is a form used by supervisors to assess the performance of students who have undergone externship programme. It contains areas such as how matured is the student on the job, gives explanation of the student's appearance throughout the programme. It also confirms whether the student is dependable based on his experience during the programme, how well the student makes use of his initiative without being told what to do etc.

Compared to a checking account, the rules governing your

use of a savings account are generally more:


Negotiable


Intuitive


Restrictive


Liberal

Answers

Restrictive because you need to restrict on using your savings money.

Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total profit the company earns after selling 100 boards? $300 $350 $3,000 $3,500

Answers

Answer:

Profit on sale of 100 skateboards is $3000

Explanation:

Given:

Selling price of each skateboard = $45

Expenses include $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor

To find: Total profit the company earns after selling 100 boards

Solution:

Cost price of each skateboard = $3 + $1 + $1 + $10 = $15

Selling price of each skateboard = $45

Profit on sale of each skateboard =  $45 - $15 = $30

Profit on sale of 100 skateboards = $30 × 100 = $3000

The total profit the company earns after selling 100 boards is $3,000.

Total profit:  

First step is to calculate the total cost

Total cost=($3+ $1 + $1 + $10)×100

Total cost= $15×100

Total cost=$1,500

Second step is to calculate the total revenue

Total revenue=$45×100

Total revenue=$4,500

Third step is to calculate the total profit

Total profit=$4,500-$1,500

Total profit=$3,000

Inconclusion the total profit the company earns after selling 100 boards is $3,000.

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PLEASE HELP ASAP, TRUE OR FALSE FOR EACH STAR
*A court of appeals hears evidence to decide the facts.
*When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.
*A judge instructs a jury on the law that applies in a case.
*Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction.
*Judges may apply the law, but they do not have power to change the law.
*The U.S. Constitution is the supreme law in the United States and no other law can contradict it.
*Litigation is the process of resolving a dispute through the court system.
*The trial court, which first hears a case, is known as a court of original jurisdiction.
*Although cases may be similar, one important fact can change the outcome and create new precedent.
*Appellate Courts review questions of fact but not questions of law.
*The Uniform Commercial Code has been adopted in all fifty states.

Answers

Answer:

1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.

2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.

3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.

4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.

5. True: Judges may apply the law, but they do not have power to change the law.

6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.

7. True: Litigation is the process of resolving a dispute through the court system.

8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.

9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.

10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).

11. True: The Uniform Commercial Code has been adopted in all fifty states.

what is the tribal assistance coordination group (TAC-G)?

Answers

Coordinates with BIA Regional Offices on their response and recovery efforts to emergencies and/or disasters that affect tribes within their Region.

Tribal Assistance Coordination Group or TAC-G is a Multi-Agency Coordination (MAC) group that assists Federally Recognized Tribes during emergencies and disasters, as well as providing information and technical assistance, for tribal emergency management programs.

What do you understand about Tribal Assistance Coordination Group?

The Tribal Assistance Coordination Group or TAC-G is a Multi-Agency Coordination (MAC) group that assists Federally Recognized Tribes during emergencies and disasters, as well as providing information and technical assistance, for tribal emergency management programs.  

The TAC-G consists of partners from all levels of government as well as non-profit aid organizations and the private sector.  The TAC-G is identified as a unique coordinating structure in the National Response Framework and is instrumental in executing the responsibilities of the Tribal Coordination Support Annex (TCSA) in the NRF’s Emergency Support Function.

The goal of the TAC-G is to provide a focused point of coordination or one-stop-shop” for tribes being impacted by emergencies or disasters.  

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Given half a chance, other people at work will take advantage of you.

Answers

Yes very true do not forget that ever because things will never change in the world we live in today and I’m sorry but that’s the truth and it’s sad.

Total industry sales are $100 billion. The four largest firms have sales of $35 billion, $17 billion, $6.8 billion, and $2.2 billion. The industry's approximate four-firm concentration ratio is

Answers

Answer: The industry's approximate four-firm concentration ratio is 61%

Explanation:

Hi, to answer this question, first we have to sum all the four firms sales:

Mathematically speaking:

35 + 17 + 6.8 + 2.2 = 61 billion

Now, we have to divide the result by the total industrial sales:

61 billion /100 billion = 0.61

To express it as a percentage we have to multiply it by 100

0.61 x 100 = 61%

The industry's approximate four-firm concentration ratio is 61%

Feel free to ask for more if needed or if you did not understand something.  

Which of the following can send a live stream of updates to your website from your social media sites?
A webcam

A streaming app

A widget

A newsfeed

Answers

Answer:

A webcam

Explanation:

Streaming is the process of accessing, watching, listening to music or video in the 'real-time'. It does not mean that the video or audio is downloaded and then watched or listened to. The file is not downloaded, rather it is just streamed online. A webcam is a device that is used to build the links of the videos to function like a videophone. It is used to record videos that can be further used to stream them on any social media platform.

Answer:

A widget

Explanation:

I WILL MARK BRAINLIEST!!!!! Please answer ASAP ty.

Answers

Answer:

A

Explanation:

What feedback would you give concerning the sourcing of this information? *

Employers are raising their standards when it comes to bringing on new talent. 74% of companies reported increasing the level of education they require for new hires, according to a survey conducted by Northeastern University.

Source:

Northeastern University: https://www.northeastern.edu/graduate/blog/masters-degree-benefits/

Answers

Answer:

well im not in business school or learning about it but i can giv emy best shot! so if i were to give feedback to this i would say WOW

Explanation:

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