Answer:
C) 10%
Explanation:
($144,000 + $12,780)/$36,000 = 4.355
Conforming Loan Limits Increase By 18% in 2021 for the Year Ahead.
Solution :
a). In the context, Jim received $ 275 for the car repairing services form some member from the club. In this exchange of the services, an income is been received in amount of a value of the services received ( the gross income includes receipt of the services and also the money and goods). Therefore, Jim is being taxed on an amount of $275 for the car repair services.
b). The issue in this case is whether a "credit" represents the valuable right. As the right can be redeemed for the that is property worth of $150, then under the constructive receipt, Jim must recognize an income of $150.
c). Jim received an credit of $450 to be applied for the next year. If the credit can be redeemed or used for any future services, the taxpayer then can argue that the realization has not yet occurred. But, it has be included in Jim's gross income for the next year when his credit amount becomes the valuable right.
Answer:
The correct answer to the following question will be "True".
Explanation:
- Towards the latter half of the 20th century, various banking and financial–investment banking, corporate finance, and insurance became more and more intertwined.
- It required banks to hold organizations to establish associated insurance firms and authorized insurers to operate banking.
Therefore, the given statement is True.
Answer:
d. None of the above are correct.
Explanation:
In a centrally planned environment, the government make decisions on production.
In a market economy, market forces make production decisions.
Society relies more upon prices to allocate resources when the economy is centrally planned than a market economy.
The self-interest of households is reflected more fully in the outcome of a market planned economy than in the outcome of a centrally planned economy
Government plays a larger role in the economic affairs of a centrally planned economy than in the economic affairs of a market planned economy.
I hope my answer helps you
