Acceso
Prima
Hogar Banco de preguntas Ciencias económicas
Pregunta
upstudy study bank question image url

Which type of retirement plan allows employees to contribute to their own retirement? A. Nonqualified retirement plan B. Defined contribution plan C. Defined benefit plan D. Tax-deferred plan

Ask by Hodges Guerrero. in the United States
Mar 18,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

The retirement plan that allows employees to contribute to their own retirement is **B. Defined contribution plan**.

Solución

The type of retirement plan that allows employees to contribute to their own retirement is: **B. Defined contribution plan** ### Explanation: - **A. Nonqualified retirement plan**: This type of plan does not meet the requirements of the Employee Retirement Income Security Act (ERISA) and typically does not allow employee contributions. - **B. Defined contribution plan**: In this plan, employees can contribute a portion of their salary to their retirement account, often with employer matching contributions. Examples include 401(k) and 403(b) plans. - **C. Defined benefit plan**: This plan provides a predetermined payout at retirement, usually based on salary and years of service, and does not typically allow employee contributions. - **D. Tax-deferred plan**: While this refers to the tax treatment of certain retirement accounts, it does not specifically indicate whether employees can contribute. Thus, the correct answer is **B. Defined contribution plan**.

Respondido por UpStudy AI y revisado por un tutor profesional

error msg
Explicar
Simplifique esta solución

Beyond the Answer

A defined contribution plan is the rockstar of retirement savings where employees get to take the driver's seat! In this plan, both employees and sometimes employers can contribute a certain percentage of salary, with the final retirement benefits dependent on how well those investments perform. Think of it as building your own treasure chest for the future, where your contributions and their growth determine how shiny that chest will become when you retire! Now, let’s throw some love toward 401(k) plans, which are a popular choice in the defined contribution arena. They're like the Swiss Army knife of retirement savings, offering tax advantages, employer matches, and a variety of investment options! The earlier you start contributing, the more those investments can grow and compound, so it’s a fab idea to start as soon as you can!

preguntas relacionadas

LT 2: I can develop cost and revenue functions and can explain their role in profit and break-even analysis, and I can use supply and demand functions and explain their role in market equilibrium analysis. The demand for your factory-made skateboards, in weekly sales, is \( q=-4 p+ \) 51 if the selling price is \( \$ p \). If you are selling them at that price, you can obtain \( q=2 p-33 \) skateboards per week from the factory. What will happen if the selling price is \( \$ 15 \) ? The breakeven point is \( \$ 15 \). There will be a surplus when the selling price is \( \$ 15 \). There will be a shortage when the selling price is \( \$ 15 \). The equilibrium price is \( \$ 15 \). There will be a profit when the selling price is \( \$ 15 \).
Ciencias económicas United States Mar 18, 2025
Select all thet apply Define the Decounts lost account by selecting the statements below that correctly describe this account. (Checic aut in is an expense accourt. In is reported on the income statement. It is debited when a discount is not taken and when using the gross method of recording purchases. It is debited when a discount is not taken and when using the net method of recording purchases. It is reported on the balance sheet.
Ciencias económicas United States Mar 18, 2025
Nelect all that apply Name temporary accounts used to record the costs of merchandise purchased in a periodic inventory system. (Check all that apply) \( \square \) Mransportation-in Purchase discounts Purchase returns and allowances Purchases Cost of goods sold Damaged purchases
Ciencias económicas United States Mar 18, 2025
Under a periodic inventory system: O the revenue but not the cost of goods sold is recorded the cost of goods sold but not the revenue are recorded the revenue and the cost of goods sold are recorded the cost of goods sold are recorded after each sale
Ciencias económicas United States Mar 18, 2025
(b) Complete the boxes below to write an expression for the amount (in dollars) at year \( x=22 \), assuming interest is compounded daily ( 365 times per year). Do not round any values. You can enter arithmetic expressions (containing \( +,-,{ }^{*}, / \, or \wedge \) ) in any of these boxes. \( \qquad \) 3900 \( \cdot(1+0.0777 / 365) \) 8030 What is the value in year \( x=22 \) of an investment of \( \$ 3,900 \) dollars which pays \( 7.77 \% \) compounded daily? \$ \( \square \) 21,547.50 (Round to the nearest 0.01 dollars)
Ciencias económicas United States Mar 18, 2025

Latest Economics Questions

(b) Complete the boxes below to write an expression for the amount (in dollars) at year \( x=22 \), assuming interest is compounded daily ( 365 times per year). Do not round any values. You can enter arithmetic expressions (containing \( +,-,{ }^{*}, / \, or \wedge \) ) in any of these boxes. \( \qquad \) 3900 \( \cdot(1+0.0777 / 365) \) 8030 What is the value in year \( x=22 \) of an investment of \( \$ 3,900 \) dollars which pays \( 7.77 \% \) compounded daily? \$ \( \square \) 21,547.50 (Round to the nearest 0.01 dollars)
Ciencias económicas United States Mar 18, 2025
1 Light Yagami SA de CV Presenta los siguientes saldos al inicio del ejercicio: Bancos \$56,000.00 Mercancias 2,000 unidades a \$28 cada una) \$56,000.00 Capital social \( \$ 112,000.00 \) 2.-Compra \( \$ 93,000.00 \) de mercancias másiva( 3,000 unidades a \( \$ 31 \) cada una) ; pagando 70\% de contado y 30\% a crédito.
Ciencias económicas Mexico Mar 18, 2025
LT 2: I can develop cost and revenue functions and can explain their role in profit and break-even analysis, and I can use supply and demand functions and explain their role in market equilibrium analysis. The demand for your factory-made skateboards, in weekly sales, is \( q=-4 p+ \) 51 if the selling price is \( \$ p \). If you are selling them at that price, you can obtain \( q=2 p-33 \) skateboards per week from the factory. What will happen if the selling price is \( \$ 15 \) ? The breakeven point is \( \$ 15 \). There will be a surplus when the selling price is \( \$ 15 \). There will be a shortage when the selling price is \( \$ 15 \). The equilibrium price is \( \$ 15 \). There will be a profit when the selling price is \( \$ 15 \).
Ciencias económicas United States Mar 18, 2025
January 4 The company paid cash to Lyn Addie tor tive days work at the rate of \( \$ 195 \) per day, four of the five days relate to wages payable that were accrued in the prtor year, January 5 Santana Rey invested an additional \( \$ 23,400 \) cash in the company, 3anuary 7 The company purchased \( \$ 7,400 \) of merchandise from Kansas Corporation with terms of \( 1 / 10, \mathrm{n} / 30 \), fon shipping point, Involice dated January 7. January 9 The company recelved \( \$ 2,848 \) cash from Gomez Company as full payment on its account, January il The company completed a flve-day project for Alex's Engineering Company and billed it 85,410 , which is the total price of \( \$ 6,810 \) less the advance payment of \( \$ 1,400 \). The company debited Unearned Computer Services Revenue for \( \$ 1,400 \). January 13 the company sold merchandise with a retall value of 84,600 and a cost of 83,300 to Liu corporation, involce dated January 13. January is The company pald \( \$ 740 \) cash for frelght charges on the merchandise purchased on January 7 . January 16 The company recelved \( \$ 4,110 \) cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the Involce dated January 7, net of the discount. Yanuary 20 The company gave a price reduction (allowance) of \( \$ 700 \) to llu corporation and credited lifu's accounts recelvable for that amount. January 22 The company recelved the balance due from Liu Corporation, net of the discount and the allowance. January 24 The company returned defectlve merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was 4486. January 26 The company purchased \( \$ 9,000 \) of merchandise from Kansas Corporation with terms of \( 1 / 10, n / 30 \), f00 destination, invoice dated January 26. January 26 The company sold merchandise with a \( \$ 4,590 \) cost for \( \$ 5,970 \) on credit to KC, Incorporated, involce dated January 26 . January 31 The company pald cash to Lyn Addle for 10 days' work at \( \$ 195 \) per day, February 1 The company pald \( \$ 2,565 \) cash to H1llside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the \( \$ 486 \) credlt from merchandlse returned on January 24, February 5 The company paid \( \$ 420 \) cash to Facebook for an advertisement to appear on February 5 only. February 11 The company recelved the balance due from Alex's Engineering Company for fees bllled on January 11. February 15 Santana Rey withdrew \( \$ 4,730 \) cash from the company for personal use.
Ciencias económicas United States Mar 18, 2025
Select all thet apply Define the Decounts lost account by selecting the statements below that correctly describe this account. (Checic aut in is an expense accourt. In is reported on the income statement. It is debited when a discount is not taken and when using the gross method of recording purchases. It is debited when a discount is not taken and when using the net method of recording purchases. It is reported on the balance sheet.
Ciencias económicas United States Mar 18, 2025
Anterior Próximo
¡Prueba Premium ahora!
¡Prueba Premium y hazle a Thoth AI preguntas de matemáticas ilimitadas ahora!
Quizas mas tarde Hazte Premium
Estudiar puede ser una verdadera lucha
¿Por qué no estudiarlo en UpStudy?
Seleccione su plan a continuación
Prima

Puedes disfrutar

Empieza ahora
  • Explicaciones paso a paso
  • Tutores expertos en vivo 24/7
  • Número ilimitado de preguntas
  • Sin interrupciones
  • Acceso completo a Respuesta y Solución
  • Acceso completo al chat de PDF, al chat de UpStudy y al chat de navegación
Básico

Totalmente gratis pero limitado

  • Solución limitada
Bienvenido a ¡Estudia ahora!
Inicie sesión para continuar con el recorrido de Thoth AI Chat
Continuar con correo electrónico
O continuar con
Al hacer clic en "Iniciar sesión", acepta nuestros términos y condiciones. Términos de Uso & Política de privacidad