Answer:
<u><em>Securities </em></u>
Explanation:
The amount that an employer withholds from an employees wage is called withholding tax. The employer pays this tax directly to the government on behalf of employee. The other form of this tax is levied on income sources of non residents of US e.g securities. Withholding taxes were first levied in 1862 during the presidency of Abraham Lincoln to finance the civil war. Income tax and tax withholding were abolished after 1872.
Answer:
B) two or more countries agree to liberalize trade in a selected group of categories
Explanation:
A partial trade agreement occurs when trade liberalisation occurs in respect of some of the restrictions placed on some commodities or categories.
Trade liberalisation occurs when countries that are trading with one another decide to reduce or remove restrictions that will affect free exchange between the nation.
Such restrictions include tariff, licencing and quotas.
Answer:
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
Explanation:
Let A represent the number of apples bought and B represent the number of bananas bought. Therefore since Olivia has $4 to spend:
0.2A + 0.25B = 4 (1)
Also, the tangency condition can be used to find the optimal amount of A to relative to B. It is give as:
Put B = 0.8A in equation 1:
0.2A + 0.25(0.8A) = 4
0.2A + 0.2A = 4
0.4A = 4
A = 10
B = 0.8(A) = 0.8(10) = 8
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
Answer:
In the absence of any condition +50% of voting securities will give powers to investors to control over the investee.
Explanation:
- The investors have majority of ownership .
- They can hire the Board of Directors for the investee
- They can directly control over the operations of the investee
- Voting shares give the power to approve or reject major decisions and actions such as a merger.
Answer and Explanation:
The computation of the amount considered as US sourced income is as follows;
= $5,000 × 10 days ÷ 20 days
= $2,500
The following are the requirement related to the fully exempt US source income is as follows:
1. The service should be perfomed by an United States NRA for 90 days or less
2. The compensation should not be more than $3,000
3. The service should be performed on behalf of
a. NRA, foreign corporation or partnership who not engaged in US trade
b. The office should be maintained in US by an individual who should be the citizen of US
So the same is not allowed for exemption