Money deposited into a 401k is not taxed, however it is taxed years later when it is withdrawn for retirement. so if the money is taxed either way, why do many experts recommend tax-deferred savings such as 401k?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Money deposited into a 401k is not taxed, however it is taxed years later when it is withdrawn for retirement. so if the money is taxed ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If firms are more realistic about the services they can provide and at the same time manage customer expectations effectively, they generally can close this gap. Multiple Choice Knowledge Standards Delivery Communication Ethical
Answers (1)
Frohe Inc. sponsors a restricted stock units award plan under which employees can choose to receive either company stock or cash. During the vesting period, the company should recognize the award as a credit to a:
Answers (1)
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made sure that the industry was growing.
Answers (1)
Exporting can be a way to test market demand for a product. Many companies turn to agents and/or distributors to represent them in foreign markets. This approach minimizes.
Answers (1)
Modern Electronics sells two popular models of wireless headphones, model A and model B. The sales of these products are not independent of each other (in economics, we call these substitutable products because if the price of one increases, sales
Answers (1)
New Questions in Business
Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own.
Answers (1)
Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.
Answers (2)
In a recent study, young soccer players who were given task-oriented feedback from parents perceived their motivational climate as being more
Answers (1)
If in a perfectly competitive industry, the market price facing a firm is below its average total cost but above average variable cost at the output where marginal cost equals marginal revenue:a. the industry supply will not change. b.
Answers (1)
Under what circumstances is it advantageous for a taxpayer to make a nondeductible contribution to a traditional IRA rather than a contribution to a Roth IRA? Tax Payer Status Maximum AGI limit Starting phase out limit a. Married filing joint b.
Answers (1)