Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if your tax liability is 30% of your $50,000 annua

If your tax liability is 30% of your $50,000 annual salary and you contribute $2000...

50.1K

Verified Solution

Question

Accounting

If your tax liability is 30% of your $50,000 annual salary and you contribute $2000 to your 401(k) and your employers matches your contribution with $2000, what is your immediate return on investment for the $2000 contribution you made factoring in both the match and the reduction in taxes?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Looking at your results of the Ames test, you find that there are many colonies growing...

Biology
Q

With regard to multi variable calculus can some explain vector fields in detail. Thank you. Provide...

Advance Math
Q

d 20 Let K be the maximum K E of photo electrons emitted by light...

Physics
Q

Starting at the same point on a straight road Anna and Benny begin biking with...

Basic Math
Q

Write as a trinomial in simplest form:(4y - 51)2

Basic Math
Q

Find lim h 0 f 7 h f 7 h f 7 h f 7...

Calculus
Q

Suppose 1100 square centimeters of material is available to make a box with a square...

Calculus
Q

Ariana Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for...

Accounting
Q

Canton Corporation reported the following items in its adjusted trial balance for the year ended...

Accounting
Q

In your opinion, do you think there can be situations or circumstances where one(complete,error-free and...

Accounting
Q

please help! R\&R Tax Service offers tax and consulting services to individuals...

Accounting
Q

Instructions On May 3, it was discovered that the following errors took place in journalizing...

Accounting