Any interest that you receive from a bank is taxable income, so I guess its false
Answer:
b. incur the opportunity cost of ignoring the wishes of others.
Explanation:
Opportunity cost in economics is seen as the forgone cost of doing something.
So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.
The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.
Frequently, you’ll hear people say that “retirement age” is 65. What are they referring to? People who say this are referring to the age in which you can receive your full Social Security retirement benefits. At different ages starting at age 62, you are eligible to receive a percentage of the benefits, once you hit 65, you can receive your full percentage/allotted amount.
Answer:
$555,900
Explanation:
To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land
∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000
=$555,900.
