What are two tax advantages of tax-deferred retirement plans?
What will be an ideal response?
Answer: (1) You don't pay taxes on the money you invest until such time as funds are withdrawn from the retirement account resulting in recognition of taxable income.
(2) You don't pay interest on the earnings from your retirement account until such time as funds are withdrawn from the retirement account resulting in recognition of taxable income.
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Using the average cost method of process costing, the computation of manufacturing cost per equivalent unit considers:
a. Current costs only. b. Current costs plus cost of beginning work in process inventory. c. Current costs plus cost of ending work in process inventory. d. Current costs less cost of beginning work in process inventory.
Which of the following should be included in computing a revenue budget for a professional services firm?
a. Wage rates. b. Predetermined overhead rate. c. Billing rate. d. Direct costs.
Order processing, inventory management, materials handling, warehousing, and transportation are the activities that define
A. wholesaling. B. retailing. C. physical distribution. D. channel management. E. drop shipping.
A firm's operating cash flow (OCF) is the cash flow it generates from its normal operations: producing and selling its output of goods or services
Indicate whether the statement is true or false