Answer to: What are the reasons to believe that average life expectancy in the US will continue to increase, and what are the reasons to believe...
While a superannuation guarantees a specific benefit once the employee qualifies, other traditional retirement vehicles may not. For example, a defined benefit superannuation is not affected by individual investment choices, but U.S. retirement plans such as401(k)s andIndividual Retirement Accounts (IR...
What is the impact of bonuses issued on a compulsorily convertible debenture (CCD) if the bonus is declared before the conversion of the debentures? Which of the following risks can an annuity mitigate? A) Superannuation B) Mortality C) Superannuation and purchasing power D) Mortality and Purchas...
Accrued payroll is the money that a business owes its employees for work performed during a given pay period but has not yet paid out. It is one of the ways that a business can track its expenses over time to help plan ahead, better understand its liabilities and forecast financial planning...
Superannuation Taxes Gross income Gross income, or gross pay, is the total amount of money an employee earns in a pay period before deductions or taxes are taken out. Calculating gross income will depend on whether the employee is paid hourly or is a salaried worker. ...
Because capital gains are added to assessable income and are taxed at the marginal income tax rate, this may increase your tax and can significantly reduce the net return you earn from the sale of your asset/s. As tax is not withheld for capital gains like it is for PAYG employee inco...
But the 'cut top rates' bandwagon just keeps rolling - even though each dollar spent cutting taxes for the three per cent earning over $125,000 a year can't be used to raise thresholds and so lower tax for the rest. Now a bandwagon is starting up against 'fiscal churn' - that's ...
Perquisite:Is any benefit or amenity granted or provided free of cost or at concessional rate such asRent free unfurnished house, Rent free furnished house, Motor car facility, Reimbursement of Gas, Electricity & Water, Club facility, Domestic Servant Facility, Interest Subsidy on Loan , Reimbursem...
lifetime CPP retirement pension based on average earnings (a minimum earning of $3,500), contributions to the CPP (11.4% for 2022), and the age they decide to start CPP retirement pension (as early as age 60). The required 11.4% contribution is split equally between the employer and ...
You are managing a share portfolio for a long-term investor, APT Superannuation. Given its long-term investment profile, APT is willing to invest in shares that have strong growth prospec What are we actually paying for when we buy a ...