Answer and Explanation:
B. workers, managers, and entrepreneurs could not personally gain by responding to shortages or surpluses or by introducing new and improved products.
Question Completion with Options:
a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.
d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.
Answer:
Susan
b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.
Explanation:
Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses. For the past 20 years, she had participated materially in the restaurant, only just retiring this year. At least, she has passed the material participant test, number 5.
Answer:
minimize
Explanation:
Tax Liability refers to the tax amount owed by the person or company and which is paid to the local tax authorities. However, there are certain rules that assist in calculating the tax liability of an individual or company. In order to minimize this amount an individual or a company needs to properly plan their financial benefits (such as income, savings and/or dividends) and discuss with tax consultant on the best way to minimize the tax liability.
Answer: D. exporting
Explanation:
Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.
Exporting works best when the country doing the exporting is capable of producing the goods being exported at a lower price than the country that it is sending to, that way the people in that country have an incentive to buy it over locally made products. WoodCore is producing in the U.S. and selling elsewhere. This is exporting.
The investment with the lowest volatility is the CD.
CD stands for Certificate of Deposit. It is a savings certificate that states that the bearer of the certificate is entitled to receive interest. A Certificate of Deposit reflects the amount invested, specified interest rate, and its maturity date.
In Giselle's case, her CD will reflect a $10,000 with an interest rate of 2% compounded annually and a maturity date that is either one month up to five years from the day of opening the CD account and depositing the cash.
Regardless of what happens in the stock market, Giselle is assured of earning 2% from her $10,000 investment. For example: her term is 1 year.
$10,000 * 2% * 360/360 = 200 is the interest she will earn for the year.