1. The major disadvantages of long-term debt include: (Points : 3.71) owners are able to maintain controlrelatively high‚ explicit after-tax costdecreased earnings per share through using financial leveragenone of the aboveall of the above 2. The ____ the investor’s required rate of return on a bond‚ the ____ will be the value of the bond to the investor. (Points : 3.71) higher‚ lowerhigher‚ highernone of the above 3. George is 45 years old today and is beginning to plan for his retirement
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Introduction Double taxation arises when an individual or business acquiring income in a foreign country is required to pay taxes on that income in both the foreign country as well as the country of origin. For example‚ an American company operating in a developing country‚ in the absence of a tax treaty between the two countries may have to pay a withholding tax to the government of the developing country‚ as well as corporation tax to the United States government (Howard‚ 2001‚ p. 259). The
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1. Define deviance. How does this definition differ from how sociologists define deviance? Deviance is behavior or characteristics that violate important social norms. The difference between how the dictionary defines deviance and how sociologist define deviance is what may be deviant in one place‚ at one particular time‚ may not be deviant in another place and time. Basically with times changing something may or may not be tolerated as acceptable behavior. 2. What is situational deviance
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INTRODUCTION TO TAXATION Unlike most transfers‚ which are voluntary‚ taxation is compulsory. That’s needed because of free-rider problem (no one will have injective to contribute) Modern taxes are monetized (individuals provide just money) Tariffs are taxes imposed on imported goods. Tariffs protect domestic producers. Taxes can be divided to: • direct • indirect Direct taxes are individual income tax‚ payroll tax (used to finance social) security‚ corporation income tax
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Huckleberry Finn Quotes: Chapter 1-7 “The Widow Douglas she took me for her son‚ and allowed she would sivilize me; but it was rough living in the house all the time‚ considering how dismal regular and decent the widow was in all her ways; and so when I couldn’t stand it no longer I lit out. I got into my old rags and my sugar-hogshead again‚ and was free and satisfied” (Twain 1). This quote clearly unearths Huck’s personality. It’s wild‚ ambitious‚ and abnormal. Just by him making that statement
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In chapter XI‚ Jane explains her restlessness by describing how it is in human nature to find or create action. Jane’s unhappiness with her stagnation at Thornfield begins to wear her down‚ with no company of her own age or emotional/mental state to help absorb her heat. When the other people of thornfield are engaged in their own personal activities‚ Jane looks from the attic out towards the horizon longing for “a power of vision which might overpass that limit.” Jane wants to see more‚ she wants
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Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Juvenile Delinquency has long been a problem of the Philippine society. The deviant behavior of today’s children was greatly disapprove and has become a great concern of the public. Long ago‚ adults committed crimes. They were charged and convicted accordingly but with the changing world come the change in nature of the crime and the doer of the crime. We know children as innocent. They are vulnerable and they need someone to guide
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Chapter One: The novel begins with a personal note by the narrator‚ Nick Carraway. He relates that he has a tendency to reserve all judgments against people and that he has been conditioned to be understanding toward those who haven’t had his advantages. Carraway came from a prominent family from the Midwest‚ graduated from Yale and fought in the Great War. After the war and a period of restlessness‚ he decided to go East to learn the bond business. At the book’s beginning‚ Carraway has just arrived
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Canons/Principles of Taxation By Adam Smith: Adam smith‚ the father of modem political economy‚ has laid down four principles or cannons of taxation in his famous book "Wealth of Nations". These principles are still considered to be the starting point of sound public finance. Adam Smith’s celebrated cannons of taxation are: (1) Cannon of equality or ability‚ (2) Cannon of certainty‚ (3) Cannon of convenience‚ and (4) Cannon of economy. (1) Canon of equality or ability: Canon of equality
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ACCT 330 – TEST 2 CHAPTER 6 – DEDUCTIONS AND LOSSES Criteria for deducting business and investment expenses – must be… * Related to a profit-motivated activity of the taxpayer * Ordinary‚ necessary‚ and reasonable in amount * Properly documented * An expense of the taxpayer Expenditure is not deductable if it is… * A capital expenditure * Expense related to tax-exempt income * Illegal or in violation of public policy‚ or * Specifically disallowed by tax law Business
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