Answer: Keeping a log of business expenses Ignoring earnings from a lawn mowing business (Tax evasion )
Not reporting interest earned on a savings account ( tax avoidance )
Keeping a log of contributions to a charity ( tax avoidance )
Not reporting tips Claiming your dependents as tax deductions ( tax evasion )
Explanation: by keeping a log of expenses and ignoring the income of a lawn business you are deliberately carrying out tax evasion because you are not declaring your total earnings and profits.
By not reporting interest earned on a savings account you are devising a means to pay a lower tax legally.
Keeping a log of donations to charity
this is a perfect example of tax avoidance because by donating to charity you are trying to avoid paying high taxes legally.
By not reporting tips earned you are trying to evade paying additional tax.
B. Usually when you engage in tax evasion you risk exposing yourself to greater cost, which usually higher than normal. Once discovered fine payable can be as much as three times the amount concealed.
Answer:
C. 2.45
Explanation:
Pv of cash flow
1000x9%/(1+0.12)
= 90/1.12
= 80.36
Weight = 1
Weighted pv of cash flow = 80.36
Pv of cash flow
= 1000x9%/(1+0.12)²
= 90/1.2544
= 71.75
Weight = 2
Weighted pv of cash flow = 71.75x2
= 143.5
Pv of cash flow
= (1000+1000*9%)/(1+0.12)³
= 1090/1.404928
= 775.84
Weight = 3
Weighted pv of cash flow
= 775.84x3
= 2327.52
Total pv of cash flow = 80.36+71.75+775.84
= 927.95
Total weight of cash flow pv =
80.36+143.5+2327.52
= 2551.38
Duration = weighted pv/pv
= 2551.38/927.95
= 2.75
Modified duration =
Duration/1+0.12
= 2.75/1.12
= 2.45
Answer:
Please refer to the attached for the matched table
Explanation:
Answer:
<em>B. The contract was oral.
</em>
Explanation:
The young graduate will most likely not succeed in attempting to enforce the promise made by his grandpa since the promise has not been in writing, as mandated by the Frauds Statute.
In particular, agreements do not have to be binding in writing; though, by the Frauds Statute, other agreements would not be binding unless they have been demonstrated by a document signed by the party to be indicted.
Another such arrangement is to pay another's debt, like the grandpa's promise to pay the uncle's debt here if he fails to pay.
<em>Hence, the Option B is right.</em>
Answer:
[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.
Explanation:
