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mars1129 [50]
4 years ago
7

Which of the following statements is true about financial planning?

Business
2 answers:
Studentka2010 [4]4 years ago
8 0

Which of the following statements is true about financial planning?

B) You must always consider the tax consequences of selling your investments.

Answer B is the best choice for the question because you must always considered the tax consequences when selling investments. Investments are always taxed whether it be initially or at the time of sale and that needs to be kept in mind if selling under value especially. You are recommended to check your financial plans often to make sure they are aligning with your goals.

kenny6666 [7]4 years ago
3 0

Answer:

B)You must always consider the tax consequences of selling your investments.

Explanation:

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Compare and contrast thinking skills and people skills
zalisa [80]

Thinking skills are internal mental processes like focusing, analyzing information, making mental connections, and generating ideas.

People skills are interpersonal skills like listening, communication, and building relationships.

Both types of skills are essential for success.

8 0
3 years ago
Why can some taxes that appear to be regressive in terms of current income be thought of as progressive from a lifetime tax inci
lara [203]

Answer:

The description is outlined in the clarification segment below, as per the case provided.

Explanation:

  • The prevalence of either a lifetime tax on some kind of fixed income has been known to be a long-term perspective including its broader economic impact of taxation since they complement instead of just replace.
  • The existing income taxes would raise the quarterly funds to meet, but perhaps the cumulative occurrence of tax would enhance the power to charge for existence.  

5 0
3 years ago
Which of the following cities currently has a city government with a strong mayor-council form of government?
photoshop1234 [79]

Answer:

The correct answer is letter "B": Houston.

Explanation:

A city council government is a type of governance management constituted by a chief executive officer (mayor) and a legislative body (the city council). Both entities work towards enforcing legislation and keeping a balanced budget. Though the relationship working method may vary if the city council is "strong" or "weak". In the strong city council, the mayor is not part of the city council but has more power to act individually. On the other hand, in the weak city council, the mayor is part of the city council but has limited power.

Houston (Texas) is one of the cities in the U.S. that has a strong city council type of government.

7 0
3 years ago
Read 2 more answers
All of the following expenses paid or incurred in the course of operating a business are deductible as business expenses except:
Rzqust [24]

Answer: Political contributions

Explanation:

The expenses which are vital in running a business are deductible and examples of these are utility costs, legal services, salaries, office rent, equipment and supplies, utility costs, professional dues, etc.

Of the options given in the question, political contribution are not paid or incurred while running a business. Under Section 162(e), the political contributions are not deductible.

6 0
3 years ago
You have a small business that makes $50,000 accounting and economic profit for you. As a disabled person, you must work at home
kifflom [539]

Answer: This means: "d. Your economic profit has gone down and your accounting profit has stayed the same."

Explanation: The difference between the accounting and economic benefit is associated with the type of cost that each includes:

The accounting benefit is nothing more than the difference between income and cost.  In this case it is still $50000.

The economic benefit includes not only explicit costs. The economic benefit is the difference between income and total costs (explicit and implicit). Therefore, this benefit is less than the accounting benefit. Because in this case the cost of working at home is considered.

5 0
3 years ago
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