Answer:
A). The taxpayer's aunt.
Explanation:
Constructive ownership is demonstrated as the allocation of stock ownership from one to another taxpayer by the integrity of their relationship. For example, the parents own the stocks of their children constructively. As per the section (c) of constructive ownership under § 267, the party that cannot be a related part for constructive ownership purposes would be 'the aunt' of the taxpayer as she is not related to the taxpayer with blood either half or whole. Thus, she would not have any ownership right over the stock or shares and hence, <u>option C</u> is the correct answer.
Answer:
A key reason that companies all over the world choose to import goods is to extend their profit margin. High taxes, wage minimums, and material costs in certain countries make it more useful to import products from a country where fees, wages, and material costs are considerably lower.
Explanation:
Answer:
options-based planning.
Explanation:
Options-based planning is a strategy that guards against failure. The business makes small Investments in several alternative plans. It considers what could go wrong in business operations and plans alternative measures to mitigate total failure.
Woolplanknis an apparel company, and to protect against failure they invested in 5 sheep farms. This year they are planning to nlbuy the most profitable sheep farm. They are using options based planning.
Answer:
The minimum wage creates unemployment among young and unskilled workers.
If the price of a product in a market decreased, other things equal, quantity demanded will increase.
There is a tradeoff between inflation and unemployment in the short run.
If consumer income increases, other things equal, the demand for automobiles will increase
If interest rates increase, investment will decrease.
Explanation:
Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.
It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand
a tradeoff between inflation and unemployment in the short run is known as the Phillips curve
Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
