Answer:
A) $0
Explanation:
as per IRC section 101g, if the payment exceeds the greater of per actual cost then the excess payment amount will be taxable.
total tax free payment = 360*30
= $10,800
Therefore, The taxable amount is $0
Answer:
Lapping scheme
Explanation:
Lapping scheme -
It is a fraud practice , which involves the alteration of the accounts received to hide or cover the stolen payments .
This method involve taking the subsequent receivable payments and using them to cover the theft .
<u>And the next receivable is only applied when the previous is unpaid receivable .</u>
Answer:
The answer is 16 years.
Explanation:
The formula for calculating the value of an investment that is compounded annually is given by:

Where:
is the number of years the investment is compounded,
is the annual interest rate,
is the principal investment.
We know the following:

And we want to clear the value <em>n</em> from the equation.
The problem can be resolved as follows.
<u>First step:</u> divide each member of the equation by
:


<u>Second step:</u> apply logarithms to both members of the equation:

<u>Third step:</u> apply the logarithmic property
in the second member of the equation:

Fourth step: divide both members of the equation by 


We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.
Answer: Limited liabilities and partnerships
Explanation:
Limited liabilities mean that the partners within the firm are only liable to pay off their debts with the amount they had invested as capital in the company. Partnership is an agreement between certain number of partners to share the profit and loss of the company. In this case since there is a 50/50 allocation of profits and there are only 2 partners therefore, this is a limited liability partnership.
Answer:
c. Individualism
Explanation:
Individualism -
It refers to the type of inclination toward an individual in terms of social, or ideology outlook , political philosophy and moral stance , is referred to as individualism .
These type of people lives by only one type of goal and desire .
And , these people tends to divert their mind towards their family and children rather than the society .
Hence, from the given statement of the question,
The correct term is individualism.