A wealthy individual has set up a grat. should she die during the time the trust is active, the original value plus any appreciation is taxed as part of the grantor's estate.
Taxes are mandatory contributions levied on individuals or groups through a central authority entity—whether or not neighborhood, local, or countrywide. Tax sales finance authorities sports, together with public works and offerings which includes roads and colleges, or programs including Social security and Medicare.
A tax is a mandatory fee or financial rate levied by using any authority on a man or woman or a company to accumulate revenue for public works supplying quality facilities and infrastructure. The amassed fund is then used to fund different public expenditure applications.
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Answer:
D. Society and its individuals have unlimited wants.
Explanation:
Economics can be defined as the study of how to use scarce or limited resources to meet the unending needs and wants of the consumers.
One of the basic principles of economics is that society and its individuals have unlimited wants because humans are generally insatiable. Therefore, we are left with the option of choosing (choices) because we cannot have all that we desire or want and the resources used to meet the demands are scarce or limited.
Generally, Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
Answer:
yes
Explanation:
yes because they have a better relationship with their customers and staff meaning they will be more trusting and reliable.
Two or more people interacting with one
another to achieve objective or goals is called a group. A group with members who
closely work with each other to attain certain goals is called
a team. People working in a group can produce greater and at a higher quality
than working individually is called synergy is the advantage of using a group. Nevertheless,
it will only be effective if the groups are made up of <span>employees
with interconnecting knowledge and skills that relates with the goal. A team formed from different group of employees
can be beneficial to customers because there can be someone from the team can
step in to help out even if one person may not </span>have all
the answers to help a customer and through this an issue can possibly resolved
faster and in that way the customer feels better taken care of. Teams can also help
spark new innovative products or ideas. An individual can come up with an idea, but being in a team the one idea can be into something
more creative and profitable for the company. Groups and
teams can also be good motivators. A team where there are highly motivated
members, which will increase the satisfaction. This in
turn will make happier employees, which will increase their production and gain competitive advantage overall.
Answer:
$441,000
Explanation:
The U Co. accrual- basis purchases for the current year can be determined using the following mentioned formula:
Accrual basis purchases=ending accounts payable balance+Cash paid for purchases during the current year-opening accounts payable balance
Accrual basis purchases=$50,000+$455,000-$64,000=$441,000