Savings leads to capital formation and thus makes funds available to finance home construction and industrial expansion. What is a major tax law incentive to encourage savings? Preferential treatment of private retirement plans encourages saving. Not only are contributions tax deferred, but income from these contributions accumulates on a tax-free basis.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Savings leads to capital formation and thus makes funds available to finance home construction and industrial expansion. What is a major ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Gates Co. purchased machinery on January 2, 2005, for $440,000. The straight-line method is used and useful life is estimated to be 10 years, with a $40,000 residual value. At the beginning of 2011 Gates spent $96,000 to overhaul the machinery.
Answers (1)
For a sale, the original retail price of a particular shirt and the original retail price of a particular hat were both reduced by 20 percent.
Answers (1)
Manuel and Poornima are building their portfolios. Manuel purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio.
Answers (1)
The ability to test a product concept digitally before prototyping is possible by using:
Answers (1)
Suppose that price is below the minimum average total cost (atc) but above the minimum average variable cost (avc), and the market price is expected to rise at least to atc in the near future. in the short run, a firm that is a price taker would:
Answers (1)
New Questions in Business
Vaughn Manufacturing's prepaid insurance was $197000 at December 31, 2021 and $90300 at December 31, 2020. Insurance expense was $62000 for 2021 and $55000 for 2020.
Answers (1)
If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will decrease. b.
Answers (1)
Which of the following is a disadvantage of the sole proprietorship form of ownership
Answers (2)
Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.
Answers (1)
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.
Answers (1)