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

Nicole is the Executive Director of a local food bank and is assessing the financial situation of her not-for-profit organization. Nicole uses a(n) ________ to determine whether revenues from contributions and other sources will cover operating costs.

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Nicole, who is assessing the financial situation of her not-for-profit organization an income statement to determine whether revenues from contributions and other sources will cover operating costs.

An income statement is a financial document that shows the income and expenditure of an organization over a period of time.

It helps the organization to know whether they are making a profit or incurring losses.

So, for Nicole to determine whether the revenue of the organization will cover operating costs, she needs to use the income statement.

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if the entire output of a market is produced by a single seller, the firm

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Answer:

that means the firm is very large

Content marketing is intended to attract potential buyers by building a strong brand reputation through online content, including:

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It is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

Content marketing refers to a marketing strategy which aims to attract and engage the audience (prospective buyers) through creation of relevant articles, videos, media etc.

The approach of Content marketing does promotes brand awareness and ensures that the business stays top of mind of the audience.

Hence, it is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

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When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond?.

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Samra should react professionally and sympathetically in the event that a patient, like Ms. McConnley, is unable to pay the $25 copayment.

Samra might approach the matter in the following manner:

Remain Calm and Empathetic: Speak to Ms. McConnley patiently and with an understanding of her predicament.Offer Alternative Payment Options: Mention any accessible payment plans or assistance programs, as well as alternative payment options like credit/debit cards.Ask whether she may postpone the payment due to anticipated short-term financial problems. Discuss Delayed Payment.Communication with Supervisor: If necessary, seek guidance from a supervisor, especially if the circumstance calls for special treatment.Note the Interaction: Detail the talk, any agreements, and any subsequent actions in detail in the patient's chart.Respect patient privacy by handling sensitive information discreetly and securely when recording.Share contact information with the billing department or patient financial services to get more information about payment plans and financial aid.

Hence, maintaining empathy, looking for solutions, and professionally recording interactions when dealing with Ms. McConnley's condition all contribute to a patient-centered approach and accurate record-keeping for efficient healthcare administration.

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The given question is incomplete; below is the full question.

How should Samra handle the situation with Ms. McConnley? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? Is it necessary for Samra to make any notations in the patient’s chart?

Government and nonprofit accounting involves working for organizations whose purpose is to serve ______. (Select all that apply)

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The people that benefit from the work done by government and nonprofit accountants are:

Ratepayers Taxpayers

Governments are funded by the taxes paid by its people which means that accounting that is done to ensure proper records of the way this money is spent, benefits the taxpayers.

Other nonprofit accounting such as those related to public utility provides such as water and electricity, will benefit those who are paying to use those services. These people are called rate payers.

In conclusion, the accounting mentioned serves ratepayers and taxpayers.

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Customers are more likely to tell their friends about negative experiences with companies than positive ones because:

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There is more drama involved in unmet expectations.

The reason why customers are more likely to tell their friends about negative experiences with companies than positive ones is that humans often remember the hateful things said than the nice things

Also, when customers are satisfied with one's service, they rarely tell others. whereas an unsatisfied customer would tell others about his or her bad experience due to unmet expectations.

Logically, customers would have bigger impressions in their mind when they have bad experiences reason companies work on strengthening and improving their customer experience team.

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A collective good offers particularized benefits while private goods are broadly distributed. True False

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The answer would be true

________ is a communication process in which sales associates help customers satisfy their needs through face-to-face exchanges of information.

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Answer:

online marketing

Explanation:

Through there u can communicate face to face

The key characteristics of a monopolistically competitive market structure include:

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Many small (relative to the total market) sellers acting independently.

A monopolistically competitive market is a market structure where there are many producers of similar products but each firm can differentiate their own products.

In a monopolistically competitive market, entry into the markets are low. This means that there are no barriers to entering and exiting the market for sales purposes.

Thus, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.

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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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A method used for establishing a logical framework for identifying the required activities for the project is called

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I think it's

Work breakdown structure.

The bulk of evidence suggest that_______.
a. markets are competitive enough that only superior information or insight will earn superior risk adjusted returns
b. markets are competitive enough that earning superior risk adjusted returns is impossible
c. markets are inefficient enough that earning superior risk adjusted returns is time consuming but not difficult the efficient
d. market hypothesis has been proven incorrect, resoundly.

Answers

Answer:

C

Explanation:

I’m not sure tho

Can someone please reading this and tell me if it sounds good so far, thanks!

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It sounds good so far! nice job

It actually isn't bad; I would take out the freshman year sentence though.

A firm using paid, non-personal communication by identified sponsors through various media has chosen to use _ to promote its products.

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Answer: Advertising

Explanation:

Organization do have different ways they promote their products. A firm that is using paid, non-personal communication by identified sponsors through various media has chosen to use advertising to promote its products.

Advertising ia commonly described as any paid, nonpersonal communication via the used of different media by organizations and individuals who are in some way known in the message.

A good and successfully operated campaign needs all activities to be well-coordinated so as to build on one another to increase the overall impact.

Advertising uses a lot of related, well-timed, carefully placed television ads along with print advertising in some magazines and newspaper.

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For effective price discrimination to occur, a seller must:

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Answer:

In order for effective price discrimination to occur, the seller must have a downward sloping demand curve.  

Explanation:

The seller must also have at least two identifiable groups of customers with price elasticities of demand for the product, and the seller must be able to prevent customers from reselling the product.

When prices are sticky in the short-run, the economy is forced to respond to shocks in the economy with changes in:

Answers

Answer:

output and employment

Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as receivers. encoders. decoders. the target market. sources.

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In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.

In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise

The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.

In conclusion, the consumers are called the receivers in a marketing communication process.

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Beverly, the manager of a branch location of a large law firm, purposely controls company resources as if they were her own and encourages continued development and training of her employees. She cares about the staff deeply and even organized international volunteering activities to promote their growth. Beverly could best be described as which type of leader

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Based on the given scenario Beverly could best be described as servant leader.

A servant leader is a type of leader that is has the best interest of their organization or company and employee on mind.

They are more concern about the wellbeing and the need of their employee and they tend to show support or render support to their employee.

A servant leader often show empathy and they help people to develop as well as encourage the development, growth and training of their employee or people.

Inconclusion Beverly could best be described as servant leader.

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The advantages of using in-house marketing and advertising staff include all of the following except: Question 27 options: A) greater control. B) global accounts. C) lower cost. D) brand knowledge. E) superior product.

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All of the mentioned factors are advantages of having an in-house marketing staff except E. Superior product

Using an in-house marketing department instead of an external agency means that the company will not benefit from the experience of the agency which they gained from:

Specializing in marketing Attracting top talents

In the end therefore, the marketing product produced by the in-house department will be inferior to that, that would have been produced by the agency.

In conclusion, the in-house department will not produce a superior product.

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True or False: Your landlord, the over of your rental property, has the right to enter your apartment, any time he wants to
to be certain that you are following the NO SMOKING re because he is concerned about safety and damage to the apartment.

Answers

Answer:

false

Explanation:

he/she is not allowed to enter at any time because he/she does not have the right to enter the home if you are not there.

Which of the following is typically NOT led by a company's Human Resource department?

Answers

Answer: they dont file complaints

Explanation:

the most likely explanation for economies of scale is

Answers

specialization of labor

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

Answers

Answer: Inflation

Explanation:

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

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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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The consumer buying decision process involves _______ stages. The first stage is ____________, and the last stage is _____________.

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Five; problem recognition; post- purchase behavior.

The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.

What is a decision-making process?

The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.

By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.

Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.

Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.

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Why is it easier to play soccer on a grassy field than on an ice hockey rink?

1.because there is more friction between the grassy field, your feet, and the ball
2.because there is less friction between the grassy field, your feet, and the ball
(this is science)

Answers

Answer:

2

Explanation:

Answer:

because there is less friction between the grassy field and your feet and the ball!!

Explanation:

Which savings account will earn the most interest?
A $5,000 at 4 percent interest compounded for four years
B. $10,000 at 2 percent interesi compounded for four years
C. $10,000 at 2 percent simple interest for four years
D. $5,000 at 4 percent simple interest for four years

Answers

The savings account that will earn the most interest is $10,000 at 2 percent interest compounded for four years.

What is simple interest and compound interest?

Simple interest rate is the interest that is paid only on the principal portion of a loan. Compound interest is when both the amount deposited and the interest already earn increase in value when interest is paid.

Thus, when an account is compounded and the other earns a simple interest, the account that earns a compound interest would have a higher value than the account that  earns a simple interest.

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Answer:

The answer is A. $5,000 at 4 percent interest compounded for four years.

A major goal of the Social Security Act of 1935 was to provide WHICH of the following guaranteed?
A. Medicare
B. Education
C. Income
D. Automobile Care

Answers

the answer is b i think

Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimberly because she had done a good job setting up the company's new accounting system. Jonah is very satisfied with Kimberly's work and feels that the fees she charges are quite reasonable. Kimberly would be classified as a(n)

Answers

Licensed professionals who indulge in preparing financial documents for individuals, organizations and business are called public accountant. Hence, Kimberly would be classified as a public accountant.

Based on the description given which involves the various tasks undertaken by Kimberly while working for Jonah, such as preparation of tax income forms and various financial documents.

Here, Jonah is Kimberly's client and she will be classified as a public accountant.

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complete the table by indicating the change in each determinant necessary to increase aggregate demand.

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Aggregate demand often experience an increase and decrease due to different factors. The table showing the change in each determinant that is necessary to decrease aggregate demand.

Consumer expectations about future profitability = improveGovernment spending = IncreaseInterest rates = IncreaseThe value of the domestic currency relative to the foreign currency = Appreciate/Increase.

Aggregate demand is simply known to be the sum of the consumption expenditure, government expenditure, investment expenditure, and net exports of a country.

It is often used to know the changes in income, output, and level of employment in the economy.

A decrease in aggregate demand will make Consumer expectation about future profitability Worsen while an increase in aggregate demand will make Consumer expectation about future profitability to improve.

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