False.
Credit scores range from 300-850 and are a measure of your payment history, level of debt, and how long you have been responsible for debt.
Answer:
The extent to which security is enhanced depends on the amount of goods and services people are willing to forego.
Explanation:
We know that resources in an economy is limited and unlimited wants are satisfied used these limited resources. People will obviously prefer security due to increase terrorist threats. Enhancement in security though will be determined by the amount of other goods and services that people are willing to forego. The amount that people forego will be invested on enhancing security.
Answer:c. The May 31, 2020 disclaimer.
Correct Options:
a. All of the disclaimers.
b. The disclaimer made in 2019.
c. The May 31, 2020 disclaimer.
d. All of the disclaimers made in 2020.
e. None of the disclaimers.
Explanation:
A qualified disclaimer is a permanent refusal to receive a gifted property. This is useful when the tax to be paid on the property is sizable, as is the case in this $6 million parcel of land. The tax on the property will then be passed on to the contingent beneficiary, in this case, Stacey's son.
However, for a disclaimer to be valid, it has to be made and received within 9 months of transferring the property. So the federal tax on December 1, 2019 and January 3, 2020 does not apply to Stacey but she has to pay the tax for the remaining one-third that she disclaimed on May 31, 2020 as this is outside the 9-month limit.
Answer: It will take Nico approximately 12 years
Explanation:
Payments = $40000
r = 12%
Future Value = 1000 000
Future Value annuity = Payments((1 + r)^n - 1)/r
1000000 = 40000((1 + 0.12)^n - 1)/0.12
40000((1.12)^n - 1) = 1000000 x 0.12
(1.12)^n -1 = 120000/40000
(1.12)^n = 3 + 1
nlog(1.12) = log(4)
n = log(1.12)/log(4) = 12.232510748
n ≈ 12 years
It will take Nico approximately 12 years