Answer:
The correct answer is:
C. Partnerships is a reporting entity but not a taxable entity.
Explanation:
Individuals are reporting entities and taxable entities, so a is incorrect. A partnership is not a taxable entity, but partnerships are reporting entities. Because partnerships report their accountant numbers but don't pay direct taxes. However, the individuals in that partnership declare their income and are taxed on their individual earnings. Corporations have to report and get taxed over their income. So the correct option is C.
Answer:
Present day Spain was formed in the wake of the expansion of the Christian state in northern spain, a process known as Reconquista. the modern division of Spain into Autonomous Communities embodies an attempt to recognize nationalities and regional identities within Spain as a basis of devolution of power.
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Answer:
I do not support the use of the death penalty. If we punish someone who, for example, committed murder by killing them, how are we any better? Murder is murder, no matter what the circumstances are.
Besides that, there have been many cases when people got sentenced to death for crimes they didn't commit. Unlike other sentences, the death sentence can't be reversed. If they got sentenced to life in jail instead, they could've gotten released once the proof of their innocence was found. But with the death penalty that is not a possibility. Murder of an innocent person in such circumstances is no better than the murder someone gets sentenced to death for. And in those cases, no one gets punished for the mistake that cost someone else their life.
Explanation:
Long-term financing is a common need when you want to make large purchases, such as with a home, car or boat. You may also get a home equity loan or personal loan to cover education, home renovation or business start-up costs. You need to understand the advantages that come with the ability to repay these borrowed funds through installments over a long period of time.
Low Monthly Payments
The monthly payments on long-term financing are usually low. If you borrow $100,000 to buy a house at a 5 percent fixed interest rate with a 30-year repayment period, your monthly payment of principal and interest is $536.82. These small monthly installments improve your ability to budget effectively for other monthly expenses, including utilities, groceries, clothes and kids' needs.
Interest Benefits
Interest rates on long-term building or asset loans are usually low when you secure the loan with the asset. The low cost of borrowing adds justification to the financial benefits of repaying the debt in small installments over time. A home equity loan with a 10 to 15 year repayment period typically offers a better interest rate than credit cards or personal loans with shorter repayment periods. Additionally, the interest on mortgages and home equity financing is usually tax deductible. According to "Kiplinger" many homeowners are actually better off taking a 30-year mortgage at a slightly higher interest rate than a 15 to 20 mortgage largely because of the tax deductions.