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What else can I help you with?
What happens if your city goes bankrupt?
It can not pay its employees or pay for its services.
How much do pensions pay out to retirees?
The amount that pensions pay out to retirees varies depending on factors such as the retiree's salary, years of service, and the specific pension plan. Some pensions may pay a fixed amount each month, while others may be based on a percentage of the retiree's salary. It is important for individuals to understand their specific pension plan and how much they can expect to receive in retirement.
What are some of the potential problem of having only one worker for every two retirees as compared to six workers for every retires?
Lets say that the retired worker has a pension of $600 each month. With 6 workers, each would pay $100 towards the one retired worker's pension. With 2 retirees for each worker, one worker would pay $1,200 each month- instead of $100. And THAT is a problem!
What happens when a business goes bankrupt?
When a business goes bankrupt, it means that it is unable to pay its debts and obligations. The business may be forced to close down, its assets may be sold to pay off creditors, and it may be subject to legal proceedings to resolve its financial issues.
If i cosigned on a loan then the person goes bankrupt then they default on a bankrupt what happen?
You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
What happens when you bankrupt someone in Monopoly and they can no longer pay their debts?
When a player in Monopoly goes bankrupt and cannot pay their debts, they are eliminated from the game. Their properties and assets are usually given to the player they owe money to or returned to the bank.
Do all retirees pay the same for medicare?
Medicare beneficiaries pay premiums (most people do not have to pay a premium for Medicare Part A); also, working retirees pay Medicare payroll tax.
If husband and wife is on the loan for a home and the wife goes bankrupt will the husband lose the home?
if they cant pay for it they will lose the home
What is the pension of a luitenant commander?
The pension of a lieutenant commander in the military varies based on factors such as years of service, retirement plan, and the specific branch of service. Generally, military retirees can expect to receive a pension that is a percentage of their base pay, calculated based on their years of service. For example, under the High-36 retirement system, a lieutenant commander might receive 50% of their average highest three years of pay after 20 years of service. Additional benefits and options can also affect the total pension amount.
do retirees pay state income taxes in Alabama?
No
What does bankrupt mean in a sentence?
His business went to the dogs and he was declared bankrupt. He was unable to pay his debt and was declared bankrupt. His creditors got nothing as he was declared bankrupt.
6th pay commission pension rules?
which dat of declier of 6th pay commission pension
