If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
After using the format painter, he wants to turn it off. The key he should press is the Esc key. It is f<span>ound on most computer keyboards and used for any of various functions, as to interrupt or cancel the current process or running program, or to close a pop-up window.</span>
Question Completion with options:
Select one:
a. Include the $5,000 in total income on Form 1040
b. Include the $5,000 as a capital gain on Schedule D
c. Include the $5,000 as self-employment income on Schedule C
d. Include the $5,000 as interest income on Form 1040
Answer:
Loc Nguyen should:
b. Include the $5,000 as a capital gain on Schedule D.
Explanation:
Both long-term and short-term capital gains and deductible capital losses are reported on Schedule D of Form 1040. If the gain from the sale of the boat is a long-term capital gain, it will be subject to the lower capital gain tax rate of up to 20%, unlike the short-term capital gain that attracts a rate of up to 37%.
Answer:
False
Explanation:
The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.
Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.
If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.
Answer:
Product Mix
Explanation:
Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.
