Answer:
Qualified Long-Term Care.
Explanation:
Qualified Long-Term Care includes services that are required for diagnostic, preventive, therapeutic, curing, treating, mitigating, and personal care services that is given to a person that is chronically ill.
A person that is chronically ill is qualified for this insurance plan.
Because of this policy that is used by Eliza she can deduct the premiums she pays that exceed 10% of her adjusted gross income. Once she turns 65, she can deduct the premiums that exceed 7.5% of her adjusted gross income.
Answer:
The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.
Explanation:
The Solow growth model is an exogenous model of growth that tries to examine the changes in the level of output in an economy as a result of some changes in the economy. The changing conditions are; population, rate of savings and technological advancement. The Solow model named after Robert Solow who was a Nobel-prize economist winner, formed the foundation for modern theories of economic growth. Solow's growth models has a variety of assumptions as shown;
1. Rate of population growth is constant
2. The proportion of savings in the economy is constant.
3. The same technology is utilized by all companies in the economy for production.
4. The capital accumulation equation forms a relationship between; Present capital stock, future capital stock, the rate of capital depreciation, and level of capital investment.
Solow's model implied that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.
<u>Solution and Explanation:</u>
a) Getaway recovers 10 of Bonnie's offers for $2,000. Escape has $20,000 of E&P at year-end and Bonnie is irrelevant to Clyde.
Bonnie possesses 60% before the recovery and 56% after the reclamation (50/90).Thus, the reclamation will bomb the half test in § 302(b)(2). Since Bonnie despite everything has control of the partnership after the recovery (over half) the reclamation will probably bomb the not basically comparable to a profit test under §302(b)(1).
b) Getaway recovers 25 of Bonnie's offers for $4,000. Escape has $20,000 of E&P at year-end and Bonnie is inconsequential to Clyde.
Bonnie possesses 60% before the reclamation and 46% after the recovery (35/75).In expansion, a lot of the extraordinary stock after the recovery has dropped by over
of her rate proprietorship before the recovery (60% previously and 46% afterwards).Thus, the reclamation breezes through both the half assessment and the 80% test in § 302(b)(2).This implies that Bonnie will regard her reclaimed offers as if she sold them for $4,000 bringing about a capital addition of$2,750.
c) Getaway reclaims 10 of Clyde's offers for $2,500. Escape has $20,000 of E&P at year-end and Clyde is inconsequential to Bonnie.
Clyde claims 40% before the reclamation and 33% after the recovery (30/90).However, a lot of the exceptional stock has not dropped by more than80% since his possession rate would need to be below 32%, and his proprietorship rate is 33%.Thus, the reclamation passes the 50%test yet bombs the 80% test in § 302(b)(2).This reclamation may even now qualify as a reclamation not basically comparable to a profit under § 302(b)(1).Clyde doesn't have control of the enterprise (Bonnie does), and he has endured a huge decrease in his proprietorship.
Answer: In this particular case <u><em>the contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.</em></u>
The contract rules of the UCC regulate written agreement proceedings with intangible assets and employment. UCC governs written agreement proceedings with commodities and tangible objects.