Answer:
Treasury Notes
Explanation:
In simple words, a treasury note refers to marketable security of United states government loans with a fixed rate of interest and a period of maturity ranging from one to ten years. Treasury notes are authorized with a favorable or un-competitive deal from the administration.
Treasury notes are hugely preferred investments by indivudals as there is a wide commercial market contributing to their flexibility. Interest payments for bills are rendered before completion every half year. Interest payment earnings are not subject to taxation at provincial or local level, but are taxed nationally, identical to Treasury bond.
Answer:
Disability Buy-Sell; The premiums are not deductible, but the benefits are received income tax-free.
Explanation:
Criminalization<span>
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Answer:
Josh can recover even if he was negligent and violated the employer's rules.
Explanation:
Worker's compensation is a type of insurance that covers wage and medical costs of an employee that was injured in the course of working for the employer.
Accidents can happen during the course of doing official duty, so worker's compensation provides a cover from financial burden when the employee becomes unproductive as a result of the accident.
Generally the issue of negligence on the part of the employee is not considered.
So Jos will be able to recover worker compensation when he was injured from the car gas tank explosion.
Answer:
Net Income
Cash basis $10,800
Accrual basis $20,500
Explanation:
Computation of Roma company’s first-year net income under both the cash basis and the accrual basis of accounting will be:
Cash basis Accrual basis
Revenue $39,000 $47,000
Expenses $28,200 $26,500
Net Income $10,800 $20,500
Cash paid $20,950
Add Prepaid cash $7,250
=$28,200
Therefore first-year net income cash basis will e $10,800 and accrual basis will be $20,500
