Answer:
$30,000 of taxable income
Explanation:
Given:
Total amount paid = $65,000
Face value of life insurance policy = $100,000
Surrender value receive = $95,000
Note: The amount received from the life insurance policy is non-taxable income but if any gain happens from the surrender of the policy, the amount of gain will be taxable.
Computation of Taxable income:
Taxable income = Surrender value receive - Total amount paid
Taxable income = $95,000 - $65,000
Taxable income = $30,000
To strengthen requirements from basel ll on the bank’s minimum capitol ratios.
Broad banding eliminates layers in pay grades requiring organizations to find other ways to reward employees. False
- A technique called "broad banding" replaces a large number of small wage ranges with a smaller number of larger compensation ranges when evaluating and building a job grading structure. Establishing what is necessary to pay for a certain position with help from broad banding.
- Payroll departments employ broadband for human resource management. When deciding how much to pay specific roles and the incumbents in those positions, a job grading structure known as "broadcasting" lies somewhere between using spot salaries and several job grades. Broad banding does provide some broad job classifications to the business that uses it, but it does not have as many discrete job grades as do traditional compensation systems.
Thus this is the answer.
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Answer:
$11.60
Explanation:
In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price
The par value of the preferred stock=$100(since call price is $110)
convertible price=$10
conversion ratio=$100/$10=10
The parity price is the current market price of the preferred stock divided by the conversion ratio
Parity price=$116/10
Parity price=$11.60
