Answer:
Section 121 exclusion
Explanation:
In simple words, IRC section 121 requires a person to deduct up to $250,000 ($500,000 for dual filers) of profit from the selling (or exchange) of land that was purchased and utilized as a primary home for at minimum two of that five years preceding the sale. Thus, from the above explanation we can conclude that the correct answer is section 121 exclusion.
If the government subsidizes colleges and sets the subsidy so that the efficient number of students enrolled The subsidy is $ 1000 per student and 6 million students enroll.The cost to the taxpayers is $ 6 billion.
A subsidy or government incentive is a form of financial aid or assistance provided to a sector of the economy (business or individual), generally for the purpose of promoting economic and social policies. [1] The term subsidy generally comes from governments but can refer to any kind of support, including NGOs and implied subsidies. Subsidies come in many forms, including direct (cash grants, interest-free loans) and indirect (tax relief, insurance, soft loans, accelerated depreciation, rent refunds)
They may be broad or narrow, legal or illegal, ethical or unethical. The most common form of subsidy is a producer or consumer subsidy. Producer/production subsidies ensure an advantage for producers by providing either market price support, direct support, or payments for factors of production[3]. Consumer/consumption subsidies generally reduce the price of goods and services to consumers. For example, in the United States, it was cheaper to buy gasoline than bottled water
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<span>Yes
because the AICPA standard for due care does not require CPAs to be infallible.
Since the definition of infallible means incapable of making a mistake. Which
this is not necessarily true. CPAs are capable of making mistakes and as long
as they performed their work with professional due care then they cannot be
held accountable for mistakes that may have happened. </span>
Answer:
high,high
not all prices adjust quickly
below
Explanation:
According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too high, thus labor demand is too high.
Real wages decline as nominal wages are adjusted. As a result, the economy returns to full employment
According to the sticky-price theory, the economy is in a recession because not all prices adjust quickly.
As people observe the lower price level, the economy returns to the long-run aggregate supply curve.
According to the misperceptions theory, the economy is in a recession when the price level is below what was expected.
As people observe the lower price level, their expectations adjust.
The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
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