Explain how to determine the deductible portion of trustee's fees.
What will be an ideal response?
If the trust has any tax-exempt income, only a portion of the trustee's fees is deductible. The nondeductible amount of the trustee's fee is the following portion of the total fee: tax-exempt income divided by gross accounting income times total trustee's fees. Alternatively, the denominator can be accounting income net of all direct expenses.
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It is a proven fact that expectation of failure can help bring about failure. Conversely, expectation of success can help bring about success. This phenomenon is called the:
A. glass-ceiling effect. B. Pygmalion effect. C. Zeigarnik effect. D. Golem effect.
Our county legislator asked how could the proposed budget be cut by 10 percent
What will be an ideal response?
Corporate power refers to:
A. The capability of competitors to influence legislation, trade, and the stock market, based on their organizational resources. B. The capability of politicians to influence corporations, employees, and unions, based on their organizational resources. C. The capability of corporations to influence government, the economy, and society, based on their organizational resources. D. The capability of CEOs to influence product development, employee morale, and currency indices, based on their organizational resources.
An assumption of learning curves is that the time required to complete a unit will decrease at an increasing rate as the cumulative number of units completed increases.
Answer the following statement true (T) or false (F)