Paris participates in her employer’s nonqualified deferred compensation plan. For 2020, she is deferring 10 percent of her $320,000 annual salary. Assuming this is her only source of income and her marginal income tax rate is 32 percent, how much does deferring Paris’s income save her employer (after taxes) in 2020? The marginal tax rate of her employer is 21 percent (ignore payroll taxes)
Answers
Paris participates in her employer’s nonqualified deferred compensation plan. Deferring Paris’s income saves her employer $6,720 (after taxes) in 2020 since the employer’s marginal tax rate is 21 percent.
Deferring 10% of Paris’s $320,000 annual salary in 2020 would result in a deferral of $32,000. Since this is a nonqualified deferred compensation plan, the employer can delay paying certain amounts to Paris until a later date, typically retirement, while still benefiting from the funds in the meantime.
By deferring this income, Paris would save on taxes in 2020, as the deferred amount would not be included in her taxable income for the year.
Assuming Paris’s marginal income tax rate is 32 percent, her tax savings from deferring $32,000 would be $10,240 (32% of $32,000). However, the employer also benefits from Paris’s deferral.
Since the employer’s marginal tax rate is 21 percent, they would save $6,720 (21% of $32,000) in taxes in 2020 by not paying Paris the deferred amount.
Therefore, the total tax savings for both Paris and her employer would be $16,960 ($10,240 + $6,720). It is important to note that this tax savings is temporary, as Paris will eventually receive the deferred income in the future and will be taxed at the applicable rates at that time.
Nonetheless, deferring income can be a useful financial planning tool for both employees and employers, as it can provide tax savings in the short term while also allowing for potential investment growth over the deferral period.
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Related Questions
when ordering raw materials of steel and aluminium the business is considering changing to jit advise them if its a good idea or not
Answers
The advantages the business gets if they change to JIT are
reduction in inventory costImprovement in qualityIncrease in efficiencyThe Advantages:Decisions on whether or not to implement a Just-In-Time (JIT) inventory system for steel and aluminum raw material depend on many variables such as business size, market demand, lead time and supplier reliability. Here are the potential advantages and disadvantages of JIT inventory in such situations:
JIT helps businesses reduce inventory holding costs as raw materials are only ordered as required, thus freeing up cash flow for other investments and creating greater cashflow opportunities.
Quality Improvement: Just-In-Time production methods provide greater quality assurance as materials can be purchased in smaller batches that can then be thoroughly inspected upon their arrival.
Increased Efficiency: Just-In-Time ordering helps shorten lead times as raw materials are ordered only when necessary for production; leading to greater productivity gains overall.
Disadvantages of Just in Time production (JIT):
JIT requires businesses to become increasingly dependent on suppliers for materials delivery on time or at required quality levels; any supplier failure could create major disruption in operations and create costly supply issues for business operations.
Transportation Costs Increase with JIT Delivery Frequencies: JIT deliveries often necessitate more frequent delivery trips, which increases transportation expenses.
Difficulties Responding to Unexpected Changes: JIT requires accurate forecasts for demand and lead times
Requiring an efficient supply chain: JIT requires close cooperation between businesses and suppliers in the supply chain.
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Not including a warning label about choking hazards on the box of a new toy
is an example of a defect issue.
0
A. marketing
B. warranty
c. manufacturing
o
D. design
Answers
The warning label should inform customers of the risk and offer guidance on how to use the product safely. Thus, option A is correct.
What warning label about choking hazards in marketing?In the US, warning labeling laws must include everything from fall and strangling threats to suffocation hazards and small parts.
This manual provides a succinct explanation of the warning labeling regulations for children's products in the US.
Because of this, the American National Standards Institute mandates that warning labels on products provide the following information: Potential dangers and their seriousness.
Not all items need to carry warning labels, but those that could be harmful or pose a risk to consumers must.
Therefore, marketing is not including a warning label about choking hazards on the box of a new toy is an example of a defect issue.
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Answer: MArketing would be the answer
Explanation: I just took the test
How has private enterprise strengthened the united states economy?
Answers
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Fixed costs are _____.
a. the costs related to the product that have to be paid regardless of the amount you sell
b. the costs that change depending on a company's performance
c. the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
d. none of the above
20 POINTS HURRY PLZZZ
Answers
Answer:
d. none of the above
Explanation:
Fixed costs are a firm's expenses that remain constant in a financial period. These are the costs that are not affected by the level or quantity of output. Fixed costs are the costs of staying in business because they have to be paid regardless of output level. Examples of fixed costs include rent, administrative salaries, insurance, depreciation, and license fees.
Costs that vary depending on company performance are variable costs. Opportunity costs are the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
Answer:
The answer is A. the costs related to the product that have to be paid regardless of the amount you sell
Explanation:
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
which is specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.
Answers
The program that's designed in order to retain customers by offering premiums is known as loyalty programs.
A loyalty program is a marketing strategy that's designed in order to encourage customers to continue shopping at a particular store or continue purchasing a particular product.
It should be noted that a loyalty program is designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time. It is vital for increasing revenue.
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Walget's determines on March 12th that it cannot collect $3,000 owned to it by its customer DataConthey didn't pay you backdebit bad debts expense 3000 credit accounts receivable 3000 because Walget's can't get back that 3000 dollars owed to them, the accounts receivable must be crossed out and in order to do so it had to be debited
Answers
When Walget's determines that it cannot collect $3,000 owed to it by its customer DataCon, it needs to record the loss in its books. This loss is recorded as bad debt expense.
The bad debt expense account is a type of expense account that is used to record losses due to customers not paying their debts. The $3,000 loss is debited to the bad debt expense account.
In order to balance the entry, the accounts receivable account needs to be credited with $3,000. This means that the accounts receivable account is reduced by the amount of the debt that cannot be collected.
When accounts receivable is crossed out, it means that the amount of the debt is no longer an asset of the company. Instead, it becomes a loss. This is because Walget's is no longer able to collect the debt and therefore it is no longer an asset of the company.
In summary, Walget's needs to debit the bad debt expense account with $3,000 to record the loss, and credit the accounts receivable account with $3,000 to reduce the debt owed by the customer.
This is necessary to ensure that the books of the company accurately reflect the financial position of the company, including any losses due to bad debts.
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what financial statement reports the details of a company's profitability over the previous 12 months
Answers
The income statement, commonly referred to as a profit and loss statement, is significant since it displays your company's overall profitability for the relevant time period.
Which financial statement contains details about a company's success over time?One of the three types of financial statements created by firms is a profit and loss (P&L) statement. The balance sheet and the cash flow statement make up the other two. The P&L statement's goal is to display a company's earnings and expenses for a given time period, typically one fiscal year.
Which financial statement would best reflect a company's year-over-year performance?The income statement, often known as the profit and loss statement, displays how the business conducted for a set amount of time throughout the course of its operations. Over a predetermined time, information is gathered (typically annually, monthly or quarterly).
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,
how much utility does Andy receive?
Answers
Answer:
U(x) = 10vx. If Andy eats 64 pieces of candy,
Explanation:
GIVING 25 POINTS FOR THE CORRECT ANSWERS!!!!
1: The three elements needed in order to make database marketing work are technology, prioritization, and accurate information.
False
True
2:Starting with a clean list is an important step in database marketing
False
True
Answers
Answer:
first one is T the second is F
The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.
Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.
In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.
Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
f) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
journal entry
Answers
Debit: Furniture account for Rs. 12,000
Credit: Cash account for Rs. 4,000
Credit: Accounts Payable account for Rs. 8,000
Explanation:
- Furniture account is debited as it is an asset acquired by the business.
- Cash account is credited as the payment of Rs. 4,000 is made in cash.
- Accounts Payable account is credited as the remaining balance of Rs. 8,000 is still payable on credit.
Need a girls opinion. : ) PLease
Answers
Answer:
what's up bro im here !!!!
Answer:
yes?
Explanation:
do you need help or advice on something?...
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
What is the main reason companies offer free or promotional items and services?
to get rid of bad products
to lure in new customers willing to spend money
to reveal their new products to their competition
Answers
Answer:
lure in customers; so the middle option
Answer:
to lure customers
Explanation:
Erica decides to spend $50 on a ticket to a concert with friends instead of buying a new pair of jeans. What is the opportunity cost other decision?
A. the benefit of having a new pair of jeans
B. the benefit of going out with her friends
C. the $50 Erica spent on the ticket
D. the enjoyment of going to the concert
Answers
Answer:
The benefit of having a new pair of jeans
Explanation:
Answer:
The benefit of having a new pair of jeans
Explanation:
Suppose you spend time clipping coupons for cereal before going to the grocery store. However, once you arrive at the store you realize that the coupons have already expired. The time spent clipping coupons are an example of a ...
Answers
The time taken on clipping the coupons prior to going to the grocery store would be an opportunity cost.
What does the opportunity cost mean?
The opportunity cost is the amount that an individual has to forget on choosing another alternative.
When arriving at the grocery store, the individual got to know that the coupons he/she has have already been outdated. This shows that the time of clipping the coupons would result in the forgone benefits of availing of the coupon on time.
Therefore, the opportunity cost is represented by the time taken to clip the coupons.
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All the following statements concerning requirements to reinstate a lapsed life insurance policy are correct EXCEPT: Group of answer choices The lapse must have resulted from other than the surrender of the policy for its cash value. There is no time limit on when the policy may be reinstated. Evidence of insurability is required. All overdue premiums must be paid along with interest from the premium due dates.
Answers
Answer:
Correct Answer:
b. There is no time limit on when the policy may be reinstated.
Explanation:
In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.
In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.
Peru’s economic growth rate was 4% in 2018. If that rate is sustained, according to the rule of 70, in roughly how many years will income in Peru double?
A. 4.0 years
B. 21.7 years
C. 7.4 years
D. 24.1 years
E. 17.4 years
Answers
In this case, Peru's economic growth rate is 4%. Using the rule of 70, we divide 70 by 4 to get approximately 17.5. Therefore, income in Peru will double in roughly 17.5 years. The closest option provided is E)
Regarding the rule of 70 and Peru's economic growth rate, the rule of 70 is a simple formula used to estimate the doubling time of a variable based on its growth rate. By dividing 70 by the growth rate (expressed as a percentage), we can estimate the number of years it takes for the variable to double.
It's important to note that this estimation assumes a sustained growth rate without fluctuations, which may not always hold true in the real world. Nonetheless, the rule of 70 provides a useful approximation for understanding the impact of a growth rate on the doubling time of a variable. Correct answer is option E
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Select the correct answer. What is a SWoT analysis?
A. marketing strategy
B. a market research strategy
C. a strategy to spot opportunities D. a strategy to allocate resources E. astrategy to understand resource allocation
Answers
Answer:
B
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Answer:
I think its C.
Explanation:
I'm trying to find the answer, too, but I know it's not B because I got it wrong before. D and E don't match SWOT at all, so those are out. It's either A or C. C seems the better bet though, as what I've learned from the internet, it helps in deciding a market research strategy, not being one itself.
So C is the right answer from using the process of elimination.
what is networking why is useful when looking for a job
Answers
Answer:
Career networking involves using personal, professional, academic or familial contacts to assist with a job search, achieve career goals, learn more about your field, or another field you'd like to work in. Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
Explanation:
Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
To find operating cash flow for the business for the year, add depreciation expense to EBIT and then ________. Question 8 options: A) subtract the interest expenses B) subtract the taxes C) add the taxes D) add interest expenses
Answers
Answer:
B) subtract the taxes
Explanation:
The formula to compute the operating cash flow is shown below
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
Also the operating cash flow refers to the cash amount i.e. created through the day to day activities within a particular period
Hence, the correct option is b.
Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards, however, can be calculated as the percentage increase in
either the real gross domestic product or the real gross domestic product per capita.
Answers
Answer:
True
Explanation:
It is TRUE that Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards.
This is evident in the fact that the outwards shifts of the production possibilities curve of a country indicate an increase in output or production level of that country.
Also, such production possibilities can indeed be estimated as the percentage increase in either the real gross domestic product or the real gross domestic product per capita.
what required banks to make loans available in low income, minority communities?
Answers
The Community Reinvestment Act (CRA) is a federal law that requires banks and other financial institutions to meet the credit needs of all the communities they serve, including low and moderate-income neighborhoos.
The term "loan" refers to a financial transaction in which one party, typically a financial institution, loans money to a different party, frequently an individual or corporation, with the understanding that the borrowed funds will be repaid with interest over time. Personal loans, commercial loans, mortgages, and student loans are just a few of the several types of loans available. The sum borrowed, the interest rate, the repayment plan, and any fees for late or missed payments are frequently included in a loan agreement's terms. Depending on whether collateral is required, loans can be secured or unsecured and their interest rates can be set or variable. Loans are a frequent way to get money for things like starting a business, purchasing a house, or paying for school.
communities.
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Do you believe that "rationing" ensures that "everyone receives their fair share"? If no, why? If yes, why?
Answers
Yes, "rationing" ensures that "everyone receives their fair share".
Rationing is the managed distribution of scarce resources, goods, services, or a synthetic restriction of demand. Rationing controls the size of the ration, that is one's allowed part of the sources being allotted on a selected day or at a specific time.
Rationing involved placing limits on purchasing certain high-demand gadgets. The authorities issued some of the “points” to every person, even babies, which needed to be turned in in conjunction with cash to purchase items made with restricted items.
Rationing often includes food and other necessities for which there may be a shortage, including materials for the conflict attempt such as rubber tires, leather-based shoes, apparel, and gasoline. Rationing food and water may be necessary throughout an emergency, along with a herbal disaster or terror attack.
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j.c. penney sells a timex watch for $139.99 that cost $89.97. j.c. penney's percent of markup based on the selling price is:
Answers
J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup primarily based on the selling price is: ($50.02/$139.99 = 35.73%.)
What does JCPenney sell?J. C. Penney Co., Inc. is a holding company, which thru its subsidiary, J. C. Penney Corporation, Inc., engages in the promoting merchandise and offerings to consumers thru its branch stores and website. It presents appliances, handbags, shoes, jewelry, shoes, and clothes.
How is JCPenney doing financially 2022?It now has 650 shops throughout the majority of U.S. states and Puerto Rico. JCPenney estimates its income for the 2022 fiscal 12 months will whole $9 billion, up 10% from 2021 however down 16% from 2019, according to the Wall Street Journal.
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electronic brainstorming is a more convenient process, but it generates fewer ideas than the traditional brainstorming process. true or false
Answers
The given statement "electronic brainstorming is a more convenient process, but it generates fewer ideas than the traditional brainstorming process" is a false statement. Electronic brainstorming generates more ideas than traditional brainstorming.
Brainstorming is the process of generating a large number of ideas to find a solution to a problem. It is a technique used by groups to generate as many ideas as possible, usually for a particular task or project. There are two types of brainstorming: traditional brainstorming and electronic brainstorming.
Traditional brainstorming is a technique that involves a group of people meeting in a room to share ideas and opinions on a particular topic. During this process, participants can suggest as many ideas as possible without any evaluation or criticism. Each idea is written down on a piece of paper for later analysis.
Electronic brainstorming, also known as e-brainstorming, is a process where a group of individuals come together virtually to brainstorm ideas through the use of computers and the internet.
This method is more convenient than traditional brainstorming because it allows participants from different locations to participate in the process without having to be in the same room.Electronic brainstorming, facilitated by technology tools and platforms, can actually enhance the idea generation process by allowing for simultaneous contributions from multiple participants, regardless of their physical location. This can result in a higher quantity of ideas compared to traditional brainstorming methods, where only one person speaks at a time. Additionally, electronic brainstorming can provide anonymity, which can encourage more diverse and creative contributions from participants who may feel hesitant to speak up in a face-to-face setting. Therefore, electronic brainstorming has the potential to generate a larger number of ideas compared to traditional brainstorming.Learn more about brainstorming here:-
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Explain your approach in energy audits in third world countries. In your explanation give give evidence how other countries and companies have implemented the need for energy audits as a business. Also SWOT analysis of implementing energy audits in countries
Answers
The strategy is to increase awareness, set policies, develop capacity, carry out pilot projects, give financial support, and track results. Examples include mandated energy audit programmes in the UK and Germany.
Global energy audit services are provided by businesses like Siemens and Schneider Electric. SWOT evaluation Cost savings and sustainability are its strengths. Lack of knowledge and resources are its weaknesses. Opportunities to bring in investments and achieve goals; Resistance and political instability are threats. Energy audits have the potential to increase energy efficiency and sustainability, but overcoming obstacles calls for all-encompassing policies and cooperation between national and international agencies.
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What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?
Answers
Answer:
see below
Explanation:
Personal selling is popularly known as a face to face selling or direct selling. In personal selling, the salesperson engages a potential customer in a conversation to persuade them to buy. This type of selling requires the physical presence of a salesperson engaging in a one-on-one conversation with the clients. Its success largely depends on the selling skills of the salesperson.
Non-personal selling is the use of advertisements to persuade customers to buy. There is no direct meeting between the seller and buyer; hence the term indirect, impersonal, or non-personal selling. Non-personal selling uses print media, broadcast media, and digital platforms to reach out to customers.
It is usually easier to start our with a high MSRP and then overtime lowering it. T/F
Answers
False. It is usually easier to start with a lower MSRP and then gradually increase it over time, rather than starting with a high MSRP and then lowering it.
Starting with a high MSRP may turn off potential customers and make it harder to establish a customer base, while starting with a lower MSRP can help attract customers and build loyalty, which can then be leveraged to gradually increase prices over time. Additionally, lowering prices after starting with a high MSRP can signal to customers that the product was not worth the original price, which can harm the brand's reputation.
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