In most instances, if a person withdraws money from an employer-sponsored retirement account before retirement:
A) they pay a 10% penalty.
B) they pay taxes on their withdrawals.
C) they can borrow the money interest free.
D) they pay a 10% penalty and they pay taxes on their withdrawals are correct.
E) you should never withdraw money from your retirement account.
D) they pay a 10% penalty and they pay taxes on their withdrawals are correct.
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Dr. Gomez is retiring as a doctor in private practice. He wants to start a(n) __________, Doctor Help, that will provide low-income individuals in the United States with medical assistance at no cost.
A. for-profit organization B. union C. mutual-benefit organization D. nonprofit organization E. co-op
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $14,238 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $7,000; debit Interest Expense $7,238; credit Cash $14,238. B. Debit Notes Payable $14,238; credit Cash $14,238. C. Debit Notes Payable $10,000; debit Interest Expense $4,238; credit Cash $14,238. D. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238. E. Debit Interest Expense $6,493; debit Notes Payable $7,745; credit Cash $14,238.
Coding is the application of reasoning to understand the data that have been gathered.
Answer the following statement true (T) or false (F)
What is brand extension? Provide an example of brand extension.
What will be an ideal response?