The correct answer is: [A]: "TRUE" .
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Answer:
True
Explanation:
Generally a person makes the most money when he/she is 40 to 55 years old, and that are the same years when their total expenses are also higher. One of the highest costs are education costs, specially their children's college costs.
Assume that your children are born when you are 30-35 years old, and 22 years later they are finishing college. That fits the time period when your income peaks, and that is why you have to try cover all education expenses before turning 60.
Once you retire, around age 65, your expenses tend to level down, and if you were able to have some accumulated wealth, then it is always a good idea to set some apart to pay for your grandchildren's college. That way you are helping both your children (reducing their costs) and your grandchildren.
Answer:
A. 0.684
Explanation:
A seasonal index refers to an index that is used to compare the value for a particular period with the average value of all periods.
The purpose of using a seasonal index is to show the relationship between the two values, and the degree to which the two values are different.
The seasonal index can be calculated as the latest value for a period divided by the average of all periods. Therefore, we have:
Seasonal index for July = Latest value for July / Average demand over all months = 130 / 190 = 0.684.
Therefore, he approximate seasonal index for July is 0.684.
Answer:
D- Terminated
Explanation
The original offer is terminated and a new offer is formed.
Answer:
b. Jiang recognizes a $2,000 LTCG is correct
Explanation:
The correct answer is b.Jiang recognizes a $2,000 LTCG is correct
In this year his stock basis before distribution = 3,000 + 12,000 = 15,000
After reducing it by the amount of distribution, stock basis reduces o $0.
And LTCG recognized = 17,000 - 15,000 = 2,000