Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.
- A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.
- There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.
- The government uses taxes to fund a variety of welfare programs, including job initiatives.
Thus this is the answer.
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Answer:
My priority in starting a company would be an equity investment. Since equity investment basically means that you are buying a company's shares and become a part owner of that company. This will allow me to receive the company's future profits. Therefore, instead of receiving a steady income, an investment opportunity is better for far greater returns.
I care more about getting an income from it. Selling a company would mean I will only receive one time benefit in bulk. Opting for getting income, even though not in bulk, I will be receiving some amount every month, which if continues, can exceed the bulk amount in a matter of time.
Answer:
He should set a grantor retained annuity trust (GRAT).
Explanation:
Mr. Bailey would be the grantor that transfers the asset into the GRAT, but retains the right to receive annuity payments for a number of years. The IRS has set a minimum annuity corresponding to the Section 7520 rate, during the last two years the rate has varied from 2-3%. When the trust expires (pays all the annuities), the beneficiary gets the asset tax free.
Since the grantor is giving up an asset but in exchange is receiving an annuity form it, there is no applicable gift tax, it is called a zeroed-out GRAT.
This type of grant makes sense only if the grantor believes that the future value of the asset will be higher than the current value, since the annuity is based on the current value. In this case, Mr. Bailey would receive payments based on a $200,000 value, but the property's fair market value is already higher and should increase as time passes.
The correct answer would be, Planning, Organizing, Leading and Controlling.
Refer to Centrum Springs, Inc. when Riley learns all that it takes to be a manager, he will be involved in Planning, Organizing, Leading and Controlling
Explanation:
A person who is being considered for the position of a manager, must be competent in these four functions of management. The four functions of management are:
- Planning
- Organizing
- Leading and
- Controlling
These four functions of management are interconnected and the other one starts after the completion of one function.
So when Riley learns all that it takes to be a manager, then he will be involved in these functions of management, where he will make plans for the growth and profitability of the organization, then he will organize according to those plan, then he will lead others to work towards the plan and finally he will have to do the controlling process to evaluate the outcomes of each implemented plan.
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