0
What is a 401a account and is it something that is paid out if you get laid off?
Wiki User
∙ 14y ago
A 401a is a retirement plan that employers set up and that meet the qualification requirements of the Internal Revenue Code (IRC), Section 401a. There is no pay out from an account like this if you are laid off. Payouts are only based on whether or not you are of retirement age.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Can your salary be paid into a bank account in a different name?
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
Is it legal for a lender to report a negative paid account as delinquent?
No. A creditor can report a paid derogatory account as delinquent PRIOR to being paid. But if you paid it off, the correct status is "paid" (collection or charge off).
What is a bank account you keep money in and get paid interest?
savings account
Can you get a loan paid into your post office account?
no
What percentage commission is paid to the account manager in an advertising agency?
In a advertising agency 15% commission is paid to the account manager. This is mostly the percentage on the total sales.
If you sell something on Amazon how do you get paid?
Amazon will send the funds to your bank account.
What rhymes with laid out?
paid out
You know why I am happy?
Your bills are paid and you got laid.
What word has the same vowel sound as paid?
The word "laid" has the same vowel sound as "paid."
Can you have a payable account as a prepayment?
Generally speaking, no. A payable account is a liability account where the company owes something. If you have a payable on your books it's something you "owe" another person/company. Prepayment refers to something that is "prepaid" or paid before hand. Prepaid accounts are generally considered "assets" on your books. For example "Prepaid Insurance" would be listed in your assets. If your company prepays for something, you list it on your books as an asset of some form. If you ordered computers from another company and prepay for receiving them, your books will list this transaction as an account receivable, which is an asset account because now the company you paid the computers for "owes you" and it will be an asset on your account. Now if we reverse this transaction and a company pays your company for computers that it has not received yet, then it becomes a liability on your account (i.e. account payable) because you now owe that company something. Therefore a payable account of any kind can not be listed as a prepayment.
When a customers account is paid the customers account is?
"credited".
What rhymes with raid?
-made -aid -laid -paid
What a payable is paid is it a debit or credit?
I am assuming you meant "when" a payable is paid?A "payable" is a liability to the company, it is something they owe. For example, Account Payable. Liabilities maintain a credit balance, meaning they increase with a credit and decrease with a debit.In short, when you "pay" the payable, you are decreasing what you owe by the amount paid and therefor will "debit" the payable account.
Can your salary be paid into a bank account in a different name?
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
The bank closed my checking account for excessive returned checks in the past year. They returned excess money to me after freezing the account and closing it. No money is owed. Can they report?
Yes, the bank can report this to ChexSystems. They will show that they had to close your account. Hopefully they will not put account abuse or fraud on your account because this will make it hard to open a new bank account. I recommend contacting them and asking them not to report you to ChexSystems, and get something in writing saying that your account is paid off. That way, if they report you, you can show you have paid it off, and a bank might open an account for you if they happen to still report you and you can show proof it's paid off.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
What is a past participle of pay?
Paid. The money was paid into my account.
