Deadweight loss is strictly increasing in the level of a price floor and deadweight loss is strictly increasing in the level of a price ceiling.
What is Deadweight loss?
The loss of overall welfare or the social surplus as a result of factors such as taxes or subsidies, price ceilings or floors, externalities, and monopoly pricing is known as "deadweight loss." It is the additional burden brought about by the loss of advantage to the trade's participants, who might be either producers, consumers, or the government.
It is conceivable that the new equilibrium price that is determined for the transaction will be higher and that some of this burden will be transferred to the consumer if the producer is subjected to a specific tax for each unit of the commodity he sells.
Both sides' trade will decline as a result of this. The term "deadweight loss of taxation" refers to the loss of welfare attributable to the switch from an earlier, more efficient market mechanism to this one. As a result of the inefficient market outcomes, resources are wasted or underutilised.
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Which semi-common emergency event is NOT covered by this insurance policy?Group of answer choicesFloodFireRiots and lootingExplosions
Flood is the semi-common emergency event is not covered by this insurance policy.
What is an insurance policy?The insurance policy(the insurer) and the person(s), corporation, or other entity being covered have a legal agreement called an insurance policy (the insured). By reading your policy, you can make sure that it addresses your needs and that both you and the insurance provider are aware of your obligations in the event of a loss.Everyone should have five different forms of insurance: home or property insurance, life insurance, disability insurance, health insurance, and car insurance.The insurance policy, which establishes the claims that the insurer is legally obligated to pay, is a contract (often in standard form) between the insurer and the policyholder.
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in about 100 words explain who owns, controls and is responsible for any debt, in a sloe proprietorship and in a partnership.
Legally, sole proprietors bear unlimited responsibility for all business debts. Their assets, both personal and business, are at risk.
Who is the sole proprietor of a business?A sole proprietor is a person who owns an unincorporated business on their own. However, if you treat a domestic limited liability company (LLC) as a corporation, you will not be treated as a sole proprietor even if you are the LLC's sole member.
The term "limitless obligation" refers to the full legal liability that business partners and entrepreneurs anticipate for all business obligations. This chance isn't covered, and responsibilities can be paid through the seizure and proposition of owners' own special assets, which isn't equivalent to the renowned confined liability business structure.
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True or false? A value hypothesis explains the reasons why a customer may choose not to use a product.
A value hypothesis explaining the reasons why a customer may choose not to use a product is a true statement.
Who is a customer?A customer is a person who purchases goods or uses services from a person, business, or organization. Doing so generally results in him accepting payment. The business typically tries to get the customer to acquire its products or services.
The individual who pays the amount of money to purchase or utilize the services. The customer makes the decision regarding his needs and wants.
The hypothesis is assumed when the data is being achieved after the customer has used the commodity or the services. This leads to the business knowing the reviews.
The value hypothesis examines how much worth any offering or commodity offers clients and, more crucially if they are inclined to pay for same.
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Creation of an advertising campaign for tony's pizza that will appeal to 6- to 12-year-olds is best described as what part of the final step in the marketing research approach, to take marketing actions? multiple choice question. Make action recommendations forecast the results implement the action recommendations evaluate the decision
The ultimate step within the promoting inquire about approach is to require showcasing activities based on the discoveries of the inquiry. This step includes executing the activity recommendations that have been created based on the investigate discoveries.
Within the case of Tony's Pizza, the showcasing inquire about may have uncovered that there's a critical advertise section of 6- to 12-year-olds who are fascinated by pizza. Based on this finding, the promoting group may have created an activity proposal to form an publicizing campaign that particularly targets this age bunch.
By and large, the usage of activity proposals may be a basic step within the showcasing investigative approach since it empowers the organization to put its investigative discoveries into activity and accomplish its showcasing goals.
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jones buys a lot that has no access by way of a public road. he can gain access to his land by way of his neighbor's land that has public road access select one: a. only if the grantor of the property caused the lot to be landlocked. b. only if his neighbor agrees to give him an easement. c. only by establishing an easement by prescription. d. either if the grantor of the property caused the lot to be landlocked or if his neighbor agrees to give him an easement.
Jones can access his land through a neighbor's public road access if the grantor caused the lot to be landlocked or if the neighbor agrees to grant an easement. so the correct answer is an option (d).
In this scenario, Jones's lot has no access by way of a public road. However, he can still gain access to his land by utilizing his neighbor's land which has public road access.
There are two possible ways for Jones to achieve this.
Firstly, if the grantor of the property intentionally caused the lot to be landlocked, Jones may have legal recourse to obtain an easement.
This could be due to an oversight or intentional action by the grantor that prevents Jones from accessing his land. In such cases, Jones may be entitled to an easement to gain access through his neighbor's land.
Secondly, if Jones's neighbor agrees to provide him with an easement, granting him permission to use their land for access, Jones can also gain access to his lot.
This would require the neighbor's consent and the establishment of a legally binding easement agreement.
Therefore, the correct option is d: either if the grantor of the property caused the lot to be landlocked or if his neighbor agrees to give him an easement.
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what kinds of information does your customer service team likely need included in each persona?
Great question! When it comes to creating personas, your customer service team will need to gather a range of information to ensure they can deliver the best possible customer service experience. This information may include demographic details, such as age, gender, and location, as well as psychographic data, like interests and preferences.
Additionally, your customer service team may need to know about each persona's needs and pain points, as well as their communication preferences and behavior patterns. By gathering this information, your team can tailor their customer service interactions to each persona, making sure that they are providing personalized and effective support.
In order to provide effective customer service, the team likely needs the following information included in each persona: demographics, communication preferences, pain points, goals, and buying behaviors. This information helps tailor the service approach to better address each persona's unique needs and expectations.
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Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
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entrepreneurs and their employees both earn higher financial income than similar individuals working in wage positions. true or false ?
False, Entrepreneurs work longer hours, are more at danger of losing their income, and make 4% to 15% less money annually on average than wage earners. Additionally, their earnings increase more slowly over time.
What sets a worker apart from both other workers and business owners?Employees fulfill the duties while firm owners make plans. While a worker can concentrate on the tasks at hand day by day, a business owner must assess how well they are being done in light of the organization's long-term objectives.
Entrepreneurs put in more hours, are more likely to lose their job, and earn 4% to 15% less annually on average than employees. They also see a slower rate of earnings growth over time. Few business owners actually earn much more money than they did as employees.
What are the differences between entrepreneurship and wage employment?People select their line of job from paid employment and self-employment. Based on her degree of abilities, the individual is assigned a wage bracket as a wage worker. People invariably start their own businesses whenever the profit is higher than what an employee could earn.
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Helpp!!!
What type of Economy do we have in the United States?
A. Market
В.Mixed
C.Command
D. Traditional
Answer:
mixed
the us economy has a mixed economy
Are you surprised a couple with a joint income of $200,000 is priced out of the housing market well above average in the US approximately 6% of the population? Explain!
At least three sentences to be put as the brainliest. Due tomorrow!
A couple with a $200,000 joint income is priced out of the housing market It's not unexpected, especially in locations where the cost of living is high and demand for property is high.
The given question is an opinion based on the answer written in a generalized manner keeping in mind the income and housing market of the United States.
The high cost of housing can have serious consequences for people, families, and communities. since people with higher earnings may be able to buy houses, It may result in growing economic inequality.
The high cost of housing in the United States is a complex issue driven by a variety of factors, including economic trends, government regulations, and social attitudes.
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Sales taxes collected by a retailer are recorded by.
Answer:
There recorded by sales
Explanation:
Sales taxes collected by a retailer are recorded as credit to sales taxes payable under the current liabilities section on the balance sheet.
Sales taxes collected by a retailer are typically recorded by the retailer themselves for accounting and reporting purposes.
How is the sales tax collectedThis is done to ensure compliance with tax regulations and to accurately track the amount of sales tax owed to the appropriate tax authority.
Retailers usually use point-of-sale (POS) systems or specialized accounting software to record sales transactions and calculate the sales tax amount. These systems are programmed to apply the appropriate tax rate based on the location of the sale and the type of product or service being sold.
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9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
Yoana’s professor assigns a 10-page research paper due at the end of the semester. Other tasks with more immediate deadlines have her attention, so she decides to work on the paper later. Two days before the end of the semester, Yoana starts to write the research paper. Which time management style best describes Yoana’s approach?
a. Early bird
b. Improviser
c. Balancing act
Yoana's time management strategy at the end of the semester is best described as Improviser.
Why is it vital to create short-term objectives before achieving long-term objectives?It inspires them. You'll be far more likely to maintain your motivation over time if you routinely set short-term goals that are doable. Short-term objectives reduce procrastination as well. You can concentrate on one issue at a time since they lay out a precise and well-defined road to accomplishment.
What is the name for the objective a person hopes to accomplish in his or her lifetime?Personal goals might be short- or long-term objectives for your job, family, or way of life. They are intended to inspire you to pursue your goals in life.
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The internet offers more than a method to conduct business transactions.It serves as a(n)?
The internet offers more than a method to conduct business transactions. It serves as a communications highway.
Internet marketing can personalize offers to customers by profiling their purchase history and preferences. By tracking her websites and product information that prospects visit, you can make targeted offers that reflect their interests.
Online businesses rarely take off overnight, nor do they take more than a few years. This is especially true in highly competitive niche markets. If you haven't seen any growth in a year or two, it's probably time to reassess your business model.
Electronic commerce (e-commerce) is the buying and selling of goods and services, or the transfer of funds and data, over electronic networks (primarily the Internet). These commerce transactions are either business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.
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An upper-level is manager proposes that his organization implement a system to consolidate shipping and exception data from multiple carriers so that consumers know when their purchase will ship and when it will arrive. What business strategy does this represent?.
An upper-level manager proposes that his organization implement a system to consolidate shipping and exception data from multiple carriers so that consumers know when their purchase will ship and when it will arrive. This represents a differentiation business strategy.
What are business strategies?A business strategy lays out the course of action that will be taken to fulfill the organization's vision and goals, as well as how to make decisions that will increase the company's financial stability in a cutthroat market.
In order to differentiate themselves from the products that their rivals may provide in the market, businesses must offer clients something special, distinctive, and different. Increasing competitive advantage is the main goal of putting a differentiation strategy into practice.
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The Consumer Financial Protection Bureau protects the interests of customers by ensuring that federal consumer-protection laws are enforced. True or False?
Answer:
true
Explanation:
The Consumer Financial Protection Bureau (CFPB) is a government agency that protects consumers' rights by:
enforcing consumer protection laws that prohibit financial institutions from practicing unfair, abusive, deceptive, predatory or discriminatory policies against its customers, e.g. redlining or charging higher interests based on race or gender.they get consumer complaints about unfair treatment from financial institutions and they investigate them.are a source of financial information about the services offered by financial institutions.are in charge of monitoring the activities of financial institutions and making sure that they do not affect consumers negatively.and others.In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison. Suggest three reasons for this differential in earnings.
Answer: See explanation
Explanation:
The reasons for the difference in wages include:
1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.
2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.
3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.
White company's required rate of return on capital budgeting projects is 12%. the company is considering an investment opportunity which would yield a cash flow of $10,000 in five years. what is the most that the company should be willing to invest in this project
To determine the maximum amount that the White company should be willing to invest in this project, we need to use the present value formula, which calculates the current value of a future cash flow based on a given discount rate. In this case, the discount rate is the company's required rate of return on capital budgeting projects.
which is 12%.The present value formula is: Present Value = Future Cash Flow / (1 + Discount Rate)^n Future Cash Flow = $10,000 (the cash flow expected in five years)Discount Rate = 12% (the required rate of return on capital budgeting projects) n = 5 (the number of years until the cash flow is received)Plugging in these values, we get: Present Value = $10,000 / (1 + 0.12)^5Present Value = $10,000 / 1.7623Present Value = $5,677.28.
Therefore, the most that the White company should be willing to invest in this project is $5,677.28, since that amount would generate a future cash flow of $10,000 in five years at a 12% discount rate. Investing more than that would not meet the company's required rate of return on capital budgeting projects. which is 12%.The present value formula is: Present Value = Future Cash Flow / (1 + Discount Rate)^n Future Cash Flow = $10,000 (the cash flow expected in five years)Discount Rate = 12% (the required rate of return on capital budgeting projects) n = 5 (the number of years until the cash flow is received)Plugging in these values, we get: Present Value = $10,000 / (1 + 0.12)^5Present Value = $10,000 / 1.7623Present Value = $5,677.28.To determine the most that White Company should be willing to invest in the project with a 12% required rate of return and a cash flow of $10,000 in five years, we need to calculate the present value of the cash flow. Here is the step-by-step explanation: Identify the given information: which is 12%.The present value formula is: Present Value = Future Cash Flow / (1 + Discount Rate)^n Future Cash Flow = $10,000 (the cash flow expected in five years)Discount Rate = 12% (the required rate of return on capital budgeting projects) n = 5 (the number of years until the cash flow is received)Plugging in these values, we get: Present Value = $10,000 / (1 + 0.12)^5Present Value = $10,000 / 1.7623Present Value = $5,677.28. Required Rate of Return (r) = 12% Cash Flow in 5 years (FV) = $10,000Time (t) = 5 years Use the Present Value (PV) formula: PV = FV / (1 + r)^t Plug the values into the formula: PV = $10,000 / (1 + 0.12)^5 Calculate the result: PV = $10,000 / (1.12)^5 = $10,000 / 1.76234 ≈ $5,673.03
The most that White Company should be willing to invest in this project is $5,673.03.
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When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answer: A. Line!
Explanation: On Edge!!
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.
more governmental regulation
less property ownership
less variety of product
lower prices
Answer:
lower prices
Explanation:
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a pure market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
Due to the fact that producers compete with each other in this type of economy, prices would be lower to attract customers
At December 31, 2022, Familla Corporation estimates that goods with a selling price of $1,150 and a cost of $500 that were sold on account during the current period will be returned during the next accounting period. Record the entries required to adjust for this information. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
The required appropriate journal entries assuming Familla Corporation estimate that goods with a selling price of $1,150 and a cost of $500 that were sold on account are:
Dr Sales return $1,150
Cr Account Receiveble $1,150
Dr Cost of sales return $500
Cr Cash $500
Based on the given information the required journal entries are:
Familla Corporation Journal entries
December 31, 2022
Dr Sales return $1,150
Cr Account Receiveble $1,150
(To record sales return on account)
December 31, 2022
Dr Cost of sales return $500
Cr Cash $500
(To record cost of sales return)
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the adjustment for underapplied overhead
Answer: The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
Which of the following items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants: weigh all sides of decisions.
a. weigh all sides of decisions.
b. attending annual meetings.
c. generate innovative approaches to accounting.
d. integrity and objectivity.
Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants.
What is meant by professional code of ethics?This is the term that is used to refer to the code that is used to apply to all of the people that would work in a particular organization that are meant to guide the behavior of the people in the organization and also check the ways that people would act.
Hence we can say that Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants..
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Write a draft of your goodwill message.
The draft should include these elements:
a less formal greeting
more specific details
simple language
phrases to make the message feel spontaneous and selfless
phrases to convey sincere feelings
The Harris-Todaro model of migration is in response to urban-rural expected differences in
income instead of actual earnings, explain any 3 policy
implications of the economic theory of migration.
The Harris-Todaro model of migration is an economic theory that describes how rural-urban migration is influenced by economic factors such as wages, employment, and expected income differentials.
The theory posits that people migrate from rural areas to urban centers in search of higher wages and better employment opportunities. Below are three policy implications of the Harris-Todaro model of migration:1. Encourage the development of rural industries and employment opportunitiesThe Harris-Todaro model suggests that people migrate from rural areas to urban centers because of the expected income differential.
Therefore, to reduce migration pressure, governments should invest in rural areas by creating industries and employment opportunities that will help increase the income of rural residents. For instance, governments can provide tax incentives to businesses that establish factories or processing plants in rural areas.
2. Encourage education and skills developmentAnother way to reduce the pressure of rural-urban migration is by promoting education and skills development. With better education and training, rural residents can acquire the skills that are in demand in urban areas and thus increase their chances of getting better-paying jobs. To achieve this, governments should invest in educational institutions and provide scholarships and grants to help rural students access education and training programs.
3. Promote balanced regional developmentThe Harris-Todaro model highlights the importance of promoting balanced regional development to reduce migration pressure. Governments can do this by providing basic infrastructure such as roads, healthcare facilities, and water supply to rural areas. Governments can also promote the development of small and medium-sized enterprises (SMEs) in rural areas by providing loans and other forms of financial support. By promoting balanced regional development, governments can create a more equitable distribution of economic opportunities, reduce poverty, and prevent migration pressure.
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what is a main reason business needs government regulations? select one: a. to assist in executing worthwhile causes b. to protect the interest of society and consumers c. to help companies be successful d. to provide financial assistance when needed
b) Businesses need government regulations to protect society and consumers by ensuring ethical operations, fair competition, consumer safety, and environmental sustainability.
The main reason businesses need government regulations is to protect the interest of society and consumers. Regulations ensure that businesses operate ethically, responsibly, and in compliance with standards that safeguard public health, safety, and fair competition. Government regulations help prevent fraudulent practices, misleading advertising, and the exploitation of consumers. They set guidelines for product quality, environmental sustainability, and workplace safety, ensuring that businesses prioritize the well-being of individuals and communities. Regulations also promote fair competition by preventing monopolies, price-fixing, and anti-competitive practices that could harm consumers or stifle innovation. By establishing a level playing field, regulations foster trust and confidence in the marketplace. Moreover, regulations play a vital role in sectors such as finance, healthcare, and food safety, where public oversight is crucial to maintain stability, protect vulnerable populations, and prevent systemic risks. Overall, government regulations balance the interests of businesses with the broader welfare of society and consumers.
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Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT
Answer:
O D. The price is likely to decrease because supply has increased.
SUBMIT
Explanation:
A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.
The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.
What does it mean to live on "borrowed money"?
Answer:
Using money that you have borrowed from friends and family.
Explanation:
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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