Answer:Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.
Explanation:
Answer:
D. A systematic approach to incident management.
Explanation:
National Incident Management System (NIMS) is a national system approach to incident management. It describes all the requirements for a standardised framework for communications between all jurisdictional levels and across functional disciplines.
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates the constructive receipt doctrine.
This is further explained below.
<h3>What is
constructive receipt doctrine.?</h3>
Generally, When a money taxpayer receives gross income for federal income tax purposes, the theory of constructive receipt is applied to make this determination.
If a taxpayer has complete discretion over deciding when certain types of income will or should be paid, that person is liable for tax in the current year.
In conclusion, If a taxpayer gives his daughter, who is only ten years old, fifty thousand dollars a year for consulting work, the taxpayer has most certainly violated the constructive receipt law.
Read more about the constructive receipt doctrine.
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Answer:
10.64%
Explanation:
For computing the realized yield, we applied the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $980
Future value or Face value = $1,054.36
PMT = 1,000 × 10% ÷ 2 = $50
NPER = 10 years × 2 = 20 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
After applying the formula, the realized yield is
= 5.32% × 2
= 10.64%