Marissa participates in her employers nonqualified deferred

Assignment Help Accounting Basics
Reference no: EM13582817

Marissa participates in her employer's nonqualified deferred compensation plan. For 2011, she is deferring 11 percent of her $407,000 annual salary.Assuming this is her only source of income and her marginal income tax rate is 30 percent, how much tax does Marissa save in 2011 by deferring this income?

Reference no: EM13582817

Questions Cloud

If he does not participate in an employer-sponsored plan : john has earned income of 3300. he has 30300 of unearned capital gain income.a. if he does not participate in an
Can we conclude at the 1 level of significance that the : the university data center has two main computers. the center wants to examine whether computer 1 is receiving tasks
American company inc is a company with three divisions : 1.american company inc. is a company with three divisions namely american construction american publishing and
A sphere sits snugly inside a cube with 6-in edges what is : a sphere sits snugly inside a cube with 6-in. edges. what is the approximate volume of the space between the sphere and
Marissa participates in her employers nonqualified deferred : marissa participates in her employers nonqualified deferred compensation plan. for 2011 she is deferring 11 percent of
Explain the terms simple random sampling systematic : question 1. what is a lsquorandom sample?question 2. explain the terms simple random sampling systematic sampling
Westan corporation uses a predetermined overhead rate of : westan corporation uses a predetermined overhead rate of 23.10 per direct labor-hour. this predetermined rate was based
In 2011 nitai contributes 8 percent of his 117000 annual : in 2011 nitai contributes 8 percent of his 117000 annual salary to a roth 401k account sponsored by his employer ay
Identify any long-term investment instruments you use or : identify any long-term investment instruments you use or have used in the past if you havent used any identify those

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amortization schedule-effective interest method

Prepare the journal entry DeFilippo Company would make to record this transaction. (b) Prepare an amortization schedule for the note using the effective-interest method.

  Which depreciation method does amazoncom use for reporting

which depreciation method does amazon.com use for reporting in the financial statements? what type of depreciation

  Which statements is an accurate description of var

Worse-than-VAR scenarios are defined as scenarios that lead to losses in the extreme left tail of the return distribution equal to or exceeding VAR at a given level of confidence. Which of the following statements is an accurate description of VAR..

  On january 1 2012 rupp co borrowed 150000 cash from central

amortization schedule for an installment noteon january 1 2012 rupp co. borrowed 150000 cash from central bank by

  Purchases made on sonic sales company

Purchases made on Sonic Sales Company credit cards submit payments

  Sam weber finances a new automobile by paying 6500 cash

sam weber finances a new automobile by paying 6500 cash and agreeing to make 40 monthly payments of 500 each the first

  Non-monetary stock transaction

NON-MONETARY STOCK TRANSACTION

  Folder inc sold a piece of equipment for 13400 the book

1.clean dirt inc had 8000 of salaries payable at december 31 2010. during 2011 clean dirts salary expense was 60000. at

  Dellas donuts owner made investments of 53500 and

dellas donuts owner made investments of 53500 and withdrawals of 20700. the company has revenues of 83700 and expenses

  Present cost of the investment

The value of an investment that is calculated discounting future cash flows from the investment at an interest rate that gives a satisfactory return on investment and then subtracting the present cost of the present cost of the investment is known..

  Using the straight-line method prepare the issuers journal

a company issued 10-year 9 bonds with a par value of 500000 when the market rate was 10. using the straight-line method

  Explain four types of audit opinions green and associates

write a 750- to 1050-word paper accomplishing the followingmiddot describe four types of audit opinions green

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd