The grace period, during which a policy remain in force even though the premium has not been paid depends on the state. But generally, a grace period of 7 days is usually allowed for weekly premium payments, ten days for monthly payment and thirty one days for other policies.
Answer:
40,000 ; 48100 ; 46000 ; 53000
Explanation:
Year Current(A) Cost Index(B) base amount(A/B) change from prior year
2018 $40,000 1.00 40000 0
2019 56,100 1.20 46750 6750
2020 58,500 1.30 45000 (1750)
2021 70,000 1.40 50000 5000
Year 2018 = $40,000
Year 2019:
$40000 × 1.00 = $40,000
$6750 × 1.20 = 8100
$40,000 + 8100 = $48100
Year 2020:
$40000 × 1.00 = $40,000
($6750 - $1,750 = $5000) × 1.20 = $6,000
40000 + 6000 =$46000
Year 2021 :
$40,000 × 1.00 =$40,000
($6750 - $1750 = $5000) × 1.20 = $6000
$5000 × 1.40 = $7000
40000 + 6000 + 7000 =$53000
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Answer:
Transfer pricing are the prices established to record inter-company sale
Explanation:
The transfer price is the price at which one arm of a business sells to the other.For instance,the price at which one division of a company sells to another division,
The transfer price is very important in order that tax authority may see that the sale price charged is at arms length for all parties involved.