<span>Definition of appropriate concept:
</span>1) efficiency - <span>when a society gets the most it can from its scarce resources.
2) </span><span>equality - when economic benefits are distributed uniformly across society.
</span>Efficiency is the size of the economic pie and equality is how the pie is divided into individual slices.
Answer:
a.Relaxant’s shareholders (the ex-partners) will now be exposed to less liability.
Explanation:
Legally, a corporation is a distinct entity separate from its owners. It has commercial rights to transact businesses, enter into contracts, and own properties. A corporation is a legal person and is subject to taxation; it can sue or be sued.
One distinctive aspect of a corporation is that its owners have limited liability to the debts of the business. If the company is unable to meet its obligations, the personal properties of owners cannot be attached to the debts. The owners of Relaxant Inc. will be exposed to less liability when they are shareholders as compared to when they were partners. The liability of an individual shareholder is limited to the amount of their capital contribution
All-inclusive vacations are not an example of expenses that are not allowable tax deductions.
<h3 /><h3>What are the tax deductions allowed?</h3>
They correspond to a form of exemption and credit in taxation, such as interest on a home mortgage, unreimbursed healthcare costs and charitable donations.
Therefore, tax deductions contribute to a reduction in taxable income and in the amount of taxable tax.
Find out more about taxes here:
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Answer:
A. A superior risk-return trade-off
Explanation:
In a normal and efficient market a professional portfolio management service is able to offer Low-cost diversification, A targeted risk level, and even a Low-cost record keeping. What they cannot offer is a superior risk-return trade-off, this is because risk-return holds a very correlated trade-off in which the higher amount of risk your portfolio holds the higher returns you can get from it, but this does not get rid of the risk which can cause you to lose all of your money. Therefore "superior" is unnachievable.
Hello!
When selecting a savings account you should consider all of the following factors:
- Annual Percentage Yield
- Fees
- Minimum Balance
- Interest Thresholds
- Variable Interests
Meaning that to solve your question, you should not use taxes paid on interest to consider!