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3 years ago

An insurance policy written after 1988 that fails to pass the seven-pay test is known as

1 answer:

3 0

The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.

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a licensee has 2 closings but her broker kept part of the commission to pay for expenses the licensee charged to the company. if

podryga [215]

A licensee has 2 closings but her broker kept part of the commission to pay for expenses the licensee charged to the company. if the licensee files a complaint with the board, then the TREC does not handle disputes over commissions.

An income commission is the amount of money paid to a worker upon the crowning glory of a venture, usually selling a positive amount of products or offerings. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid similarly to an income or rather than earnings.

Employers offer a commission to encourage their employees and lead them to be extra effective and generate more income and appeal to clients. sales and advertising jobs in many industries, along with vehicles and actual property, typically offer fee-based repayment.

Learn more about the commission here: brainly.com/question/957886

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1 year ago

The cost of traveling on a bus,plane,or subway

Ivahew [28]

The cost of traveling on a bus, plane or subway is very cheap.

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3 years ago

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods

SIZIF [17.4K]

Answer:

LIFO ending inventory $ 544.00

Weighted average: $ 565.44‬

FIFO ending invetory: $ 590.00

Explanation:

weighted-average:

1,449 / 41 = 35,34

Ending Inventory

16 x 35.34

LIFo we pick the first 16 units as the latest were sold:

8 units at $ 33 = $ 264

8 units at $ 35 = $ 280

Total ending inventory $ 544

FIFo we pick the last as the first one are the first being sold

15 units at 37 = 555

1 unit at 35 = 35

total ending 590

7 0

3 years ago

Read 2 more answers

Laura is an 18-year-old student. She is going to open a checking account with an initial deposit of $100. She plans to then have

joja [24]

Answer:

the answer would be bankright because if u add 300 x 12 that would be 3,600 dollars and since shes 18 and that discount that would be five dollars and the monthly fee is 5 dollars. that would be 60s all together and she would have closest to to the her wanted amount so yeah.

Explanation:

brainliest pls

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3 years ago

Read 2 more answers

When Padgett Properties LLC was formed, Nova contributed land (value of $358,500 and basis of $89,625) and $179,250 cash, and Os

lawyer [7]

Answer:Amount of Nova and Oscar's gain=$492,937.50

Explanation:

a)According to Land recorded for § 704(b) book capital account purposes, Land is recorded at fair market value. With this, the Padgett properties should record the land at $358,500

b)From the question, it is given that the basis of land is $89,625. Therefore, the Padgett Properties LLC's tax basis in the land is $89,625.

c)Amount of Nova and Oscar's gain.

Fair market value of Land $358,500

Basis of land $89,625

total $ 448,125

but Gain = Selling price of land - Fair value of Land x interest in partnership profits and capital

= $537,750 - ($358,500+$89,625 )

=($537,750 - $448,125 ) x 50% =$44,812.50

Total gain $448,125 + $44,812.50 =$492,937.50

4 0

3 years ago