Answer:
c. the agency is irrevocable without the consent of the agent.
Explanation:
An agency is a fiduciary relationship in which an individual is appointed as the agent to act for a specific purpose or reason on behalf of another, who is the principal. Basically, in agency the agent is typically acting under the influence or control of his or her principal and as such can be a notable representative of the principal in any capacity deemed fit legally.
Also, the principal could be a corporation, an organization or a limited liability company (LLC) and not necessarily a single individual.
An agency coupled with an interest means the agency is irrevocable without the consent of the agent because the relationship that exists between them is a contractual one.
Hence, the agency is irrevocable before its expiration or without the consent of the agent.
Additionally, death, bankruptcy, and mismanagement by the principal cannot end or terminate an agency coupled with an interest until the agent is able to realize his or her legal interest.
Answer:
Explanation:
In this question, we are expected to know the amount a certain investment would have grown to after 5 years.
Mathematically, the amount is calculated by the formula below:
A = P(1 + r/n)^nt
The parameters have the following values: A = ? P = $500 r = 13% = 13/100 = 0.13 n = 2 ( semi-annually means two times a year) and t = 5 years
A = 500( 1 + 0.13/2)^(2 * 5)
A = 500(1 + 0.065)^10
A = 500( 1.877)
A = 938.56 or simply $939
The futa taxes liable to be paid is 6.0% by both employers.
This amount is usually referred to as the federal or FUTA wage base. This may differ from state to state according to the state's rules. Thefuta taxes need to be filed by filling in Form 940.
The employee may have to deposit the futa tax before the employee files the return. The tax liability should be an amount of more than $500 for the calendar year. If this amount is lesser than $500 it should be carried forward to the next quarter. The employee needs to do this till the aggregate amount is equal to $500 after which it requires to be deposited.
If the date that we need to deposit the tax is not a business day then it should be deposited by the end of the next business day. If this process is followed it will be considered a timely payment.
1. Learn more about futa taxes here:
brainly.com/question/14860840
2. Learn more about Form 940 here:
brainly.com/question/15974551
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