While federal and state income taxes, as well as the federal gift and estate taxes, are generally progressive in nature, property taxes are proportional.

Answer the following statement true (T) or false (F)


True

Property taxes are assessed on the value of property.

Business

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Although Bangladesh is categorized in the low-income countries, the country has opportunities, particularly in the garment industry

Indicate whether the statement is true or false

Business

Under the Fair Credit Reporting Act:

a. credit reports may be used by potential employers and lenders, but not insurers. b. consumer reporting agencies must notify consumers, orally or in writing, before making an investigative report. c. if a consumer does not agree with information in the file and so notifies the reporting agency, the agency must reinvestigate the matter, even if the agency thinks the complaint is frivolous or irrelevant. d. upon request, each nationwide consumer reporting company must provide a free copy of an individual's credit report once every 12 months.

Business

Which of the following best defines an open access site?

a. Centers on some common hobby, interest, or characteristic that draws members to the site. b. Illustrates that most nodes in a social graph are not directly linked to one another. Instead they are indirectly connected via neighbors. c. Offers a relatively small number of items to buyers who tend to be loyal to these outlets. d. Enables anyone to participate without registration or identification. e. Sets forth expectations for user behavior as well as for that of the host or governing body.

Business

Dagostino Corporation uses a job-order costing system.  (1) Direct materials requisitioned for use in production,$154,000 (2) Indirect materials requisitioned for use in production,$45,000 (3) Direct labor wages incurred,$94,000 (4) Indirect labor wages incurred,$119,000 (5) Depreciation recorded on factory equipment,$44,000 (6) Additional manufacturing overhead costs incurred,$83,000 (7) Manufacturing overhead costs applied to jobs,$236,000 (8) Cost of jobs completed and transferred from Work in Process to Finished Goods,$458,000  Use the following T-accounts to answer the following questions. Work In ProcessBal.$48,000                   Manufacturing Overhead                         The manufacturing overhead was:

A. $10,000 Underapplied B. $10,000 Overapplied C. $55,000 Overapplied D. $55,000 Underapplied

Business