The FUTA tax for 2016 is based on 6.2 percent of each employee's wages up to $10,000
a. True
b. False
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
City Auto Parts recently traded in store fixtures. The exchange had commercial substance. The old fixtures had a cost of $52,000 and accumulated depreciation of $16,000. City paid $110,000 for the new store fixtures. These new fixtures had a market value of $113,000. There is a loss of $33,000 on this exchange.
Who was held personally liable to WorldCom shareholders for their losses?
a. NASDAQ b. The SEC c. WorldCom board members d. Jack Grubman
Your sister paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. What is the expected rate of return on this investment?
A. 6.77% B. 7.13% C. 7.50% D. 7.88% E. 8.27%
Explain what normalization is, including the goal of normalization