Answer:
employer’s contribution
Explanation:
The 401K and a IRA are plans for the retirement for the employees or freelancers of the United States of America, in both cases there are benefits of both plans, in the case of the 401k the biggest benefit would be the fact that you can´t add more money whenever you want to your account, and with higher ceilings compared to the IRA.
Employer's Contribution on Plato
Hope this helped
I believe the answer is: The number of fiscal quarters the employee worked during his or her lifetime and the amount of money the employee contributed to the Social Security Trust Fund.
The amount in Social security trust fund is being added through direct deduction of the employee's base salary before the pension time. Which mean that as the employee use less of their money for their consumption during productive years, the amount of money that they would receive after retiring would be increased.
Answer:
The result of K's inaction causes an increase in the outstanding loan by $50
Explanation:
Step 1: Determine the interest amount
The interest amount can be determined as follows;
I=PRT
where;
I=interest amount
P=principal amount
R=annual interest rate
T=time
In our case;
I=unknown
P=$1,000
R=5%=5/100=0.05
T=1 year
replacing;
I=1,000×0.05×1=$50
Step 2: Determine the total loan amount
This can be expressed as;
A=P+I
where;
A=total loan amount
P=principal amount
I=interest amount
In our case;
A=unknown
P=$1,000
I=$50
replacing;
A=1,000+50=1,050
The loan amount due after a year=$1,050
The result of K's inaction causes an increase in the outstanding loan by $50
If K does not pay the loan interest on their whole life policy, the loan interest is added to the loan balance, meaning the debt increases over time. This can eventually reduce the death benefit if not repaid in a suitable time frame.
The subject of your question is in the context of insurance policy loans. If K has a $10,000 traditional whole life policy and borrowed $1,000 from the policy without repaying the loan interest at the end of the year, the 5% interest charge would compound onto the existing loan. As a result, the loan balance would increase. In specific terms, the new loan balance would be $1,050 ($1,000 original loan plus $50 interest). If this is not repaid, yearly interest will be calculated on this increased balance, leading to a further increase in the debt. This could eventually reduce the death benefit if the loan is still outstanding at the time of K's death.
#SPJ3
b. Income from operations
c. Net income
d. Gross profit
Answer: Harvey company will record the equipment at $14,700 is its books.
We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.
We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.
In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.
True
False
Answer:true
Explanation:i just got it wrong it is true