Answer:
Congress may threaten to defund the SEC and may also dissolve the agency.
Explanation:
The congress has the power to interfere in the rules adopted by an agency if there is a possibility that these rules could harm the market at local or national level. This interference has even greater power if the agency receives funding and is actively dependent on the state's permission to remain established, as is the case with the SEC.
In the question above, we can see that the SEC has adopted rules that displease Congress, so that Congress can persuade the SEC to adopt these rules, it may threaten to defund the SEC and may also dissolve the agency.
Provides a loan at the rate of interest is 8% per annum.
<h3>What is a Rate of Interest?</h3>
The interest rate is the amount charged on top of the principal by a lender to a borrower for the use of assets generally chargeable on year bases.
Given,
Loan Amount = $12,000
Instalment payment = $1401.95
Time period = 15 years
Required to calculate Rate of Interest
The calculation of the Rate of Interest is shown in the image given below:
Thus, we get an 8% rate of interest after calculating the above figure. gives a loan of 8% per annum.
Learn more about the Rate of Interest here:
brainly.com/question/13324776
#SPJ1
Answer:
The answer is C) Their costs are borne collectively and no one can be excluded from their benefits.
Explanation:
Public goods differ from classical market goods in several ways. First, you can not exclude a person from provision even if that individual doesn't pay for the good. For example, you can enjoy of public lightning in the streets even if you do not pay taxes. There is no practical way of excluding you from this service. In private good, if you do not pay you are excluded. If you cannot pay a car you can not enjoy its use. However the cost to be able to give public goods must be incurred by everyone. I cannot charge you for the amount of light in specific street or time. So everyone pays taxes, no particular individuals, and with that money the government provides public lighting, i not a waste of money.
Answer:
$18,000
Explanation:
According to the Internal revenue service, the useful life of the rental property would be 27.50 years.
The computation of the maximum amount of depreciation is shown below:
= (Purchase cost of building - allocated value of land - salvage value) ÷ useful life
= ($600,000 - $104,950 - $0) ÷ 27.50 years
= $495,050 ÷ 27.50 years
= $18,000
Answer:
The amount may he deduct as interest in 2015 is $960.
Explanation:
As per the provision of IRS (reference to 550), any amount of interest due towards money borrowed for investment purposes (also known as investment interest) can be claimed as a deduction. Therefore, it becomes important to allocate the total amount of loan/borrowing between the amount utilized for personal/business purposes and investment purposes.
In the given case, George has borrowed $20,000, out of which $16,000 has been used for investment purposes, that is, 80% (16,000/20,000*100%), while the remaining 20% (4,000/20,000*100) is used for personal purposes (purchase of four-wheel recreation vehicle).
Out of the total interest of $1,200 (20,000*8%*9/12) due on the amount borrowed, $960 (1,200*80%) can be claimed as deduction (in the form of investment interest). The remaining $240 cannot be claimed as deduction.
Therefore, The amount may he deduct as interest in 2015 is $960.
