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Strike441 [17]
3 years ago
11

Today, many long-term care policies are treated as tax-qualified contracts. Which of the following is not correct regarding tax-

qualified long-term care contracts?
A. Tax-qualified long-term care policies must provide benefits that are limited to long-term care services.
B. These policies can be provided under an employer sponsored cafeteria plan.
C. These policies allow employers to provide this benefit, take a curent income tax deduction and allow the employee to avoid income inclusion.
D. The premiums for these policies may be deductible either above the line or below line.
Business
1 answer:
zloy xaker [14]3 years ago
7 0

Answer:

C. These policies allow employers to provide this benefit, take a current income tax deduction and allow the employee to avoid income inclusion.

Explanation:

Tax qualified long term care contracts usually insurance policies which provide benefit to the company and policy amounts can be deducted from the tax. These benefits are limited to the long term care services. The premium amount of these policies is deductible which provide tax benefit.

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Marathon sports equipment company projected sales of 79 comma 000 units at a unit sales price of $ 14 for the year. actual sales
pentagon [3]

Answer:

$26,000

Explanation:

The Sales volume variance can be calculated using the following formula:

Sales Volume Variance = Actual Sales ($) - Budgeted Sales ($)

Or you can also use the following formula:

Sales Volume Variance = (Actual Sales Units - Budgeted Sales Units) * Budgeted price per unit

Here

Actual Sales ($) is 77000 unit at $14 budgeted sales price per unit which means total sales in dollars was $1,078,000.

Budgeted Sales ($) is 79000 unit at $14 budgeted sales price per unit which means total budgeted sales in dollars was $1,104,000.

Sales Volume Variance = $1,078,000 - $1,104,000 = $26,000

3 0
3 years ago
Explain how you plan to protect yourself from fraud, identity theft, or other misleading business practices in the future.
kifflom [539]

This is how you plan to protect yourself from fraud, identity theft, or other misleading business practices in the future:

  1. Always verify the company's and its representative's identification.
  2. Don't divulge private information so that hackers or identity thieves can't exploit it to steal your identity.
  3. Look for the business's operating license and official permission.
  4. Always verify the legitimacy of the company and assess the caliber of its goods and services.

Follow those steps if you intend to safeguard yourself in the future from fraud, identity theft, and other deceptive and misleading business practices or activities.

Identity theft and fraud prevention and control measures usually involve:

  • Keeping an eye on your credit report frequently.
  • Update inaccurate information with the business.
  • Stop using credit.

Interested in risk and why is it important to learn to manage risk? Read here: brainly.com/question/28193029

#SPJ4

7 0
2 years ago
Gregory Trout has just received a memo explaining that because of his department's success with the newly developed Trout, Inc.,
disa [49]

Answer:

d. finding the right people

Explanation:

As the George's department had successfully satisfied the needs of the new developed Trout , Inc. IT might happen that work will be extended. This will require Goerge to increase the workforce those are having skill sets that matches the Trout, Inc. needs.

Thus, while recruiting and seelcting for the new positon Georgy will apply HRM goal of finding the right set of people for the required project.

3 0
4 years ago
As the operations manager, you prefer to keep a constant workforce and production level, absorbing variations in demand through
podryga [215]

Answer:

Shortage cost for May is $71,000

Explanation:

The expected demand for the month of May is 5000 units.

Shortages for month are carried to next month.

Shortage cost is $10 per month.

(Working days per month x hrs/day x # of workers)

20 days * 8 hours * 23 workers = 3680

Jan :  3680 - 3500 = +180

Feb : 3680 + 180 - 4500 = -640

Mar : 3680 - 640 -6000  = -2980

Apr : 3680 - 2980 -6500 = 5780

May : 3680 - 5780 -5000 = 7100

4 0
3 years ago
In their op ed, the executives sought to provide information to the public and drivers about their positions regarding providing
prisoha [69]

Answer:

d. Informational; Procedure

Explanation:

In their Op Ed, the executives sought to provide information to the public and drivers about their positions regarding providing benefits to drivers, showing the desire to increase <u>Informational</u> justice. By relying on a respected source of information (Barclays), the executives appeared to use the rule of <u>Procedure.</u> This is an example of informational justice where the rule of truthfulness is used.

6 0
3 years ago
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