Which of the following is an example of a discretionary fixed cost?
A) executive travel costs
B) cost of leasing machinery
C) license fees for fleet of vehicles
D) depreciation on factory building
A
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In a(n) __________, the employer guarantees that the participant will receive an annual benefit for life following retirement, or the actuarial equivalent of such a benefit, based on a formula in the plan regardless of contributions made or the plan's investment performance
a. defined contribution pension plan b. 401(k) plan c. employee stock ownership plan d. defined benefit pension plan
An LLC may be formed without filing formal articles of organization with the secretary of state
Indicate whether the statement is true or false
At his death Titus had a gross estate consisting of $6 million of property. Which of the following is a true statement about Titus' estate or estate tax?
A. Titus must have cumulative taxable transfers of at least $6 million. B. Titus must have an adjusted gross estate of at least $6 million. C. Titus must have a probate estate of at least $6 million. D. Titus must have a tentative transfer tax calculated on at least $2 million of transfers. E. None of the choices are necessarily true.
The more specific your goals are,
A. the more likely they will be achieved. B. the more fun they are. C. the less likely they will be achieved. D. the more work they are.