Answer:
True, through a multiple support agreement signed between 2 or more taxpayers that provide financial support to the same dependent.
Explanation:
Form 2120 allows taxpayers to claim deductions for a relative as a dependent on their tax returns, but since they do not pay at least 50% of their expenses, they cannot claim them under normal rules. Certain conditions must be met, the most important are:
- the taxpayer must pay for at least 10% of the dependent financial needs
- they must have signed a multiple support agreement (the other taxpayers waive their right to claim the person as a dependent).
Answer:
B. controlling
Explanation:
Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all levels of an organization.
The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.
The function of control consists of those activities that are undertaken to ensure that the events do not deviate from the pre-arranged plans.
The controlling function that Synthesis Inc does is as follows:
periodically reviews the goals of the company: Measurement of actual performance.
During the process, the managers of the company analyze their current strategies as compared to their competitors strategies: Measuring actual performance with the pre-determined standard and finding out the deviations.
determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals:d. Taking corrective action.
Answer:
C. Fixed price with incentive
Explanation:
In the fixed price with incentive contract, if the supplier can demonstrate actual cost savings through production efficiencies or substitution of materials, the resulting savings from the initial price targets are shared between the supplier and the purchaser at a predetermined rate.
Fixed-price incentive contract refers to a fixed-price contract which provides for adjusting profit and establishing the final contract price by application of a formula based on the relationship of total final negotiated cost to total target cost. It provides for the adjustment of the contract price and profit.
The amount of the adjustment is determined by a formula which is based on the relationship between total negotiated cost and the target cost or the actual cost, or some other factors.
Recreational vehicle value decreasing to $100,000
