Refundable tax credits are allowed to reduce or totally eliminate a taxpayer's tax liability but any credits in excess of the tax liability are lost.
Answer the following statement true (T) or false (F)
False
Refundable tax credits may reduce the tax liability to zero and, if some credit still remains, are refundable or paid by the government to the taxpayer.
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What is the most widely recognized way to deter fraud?
a. Encourage employees to report suspicious activity. b. Implement a good system of controls. c. Keep management involved in company procedures. d. Quickly punish employees found committing fraud.
Errors in the substance of the message are _____ errors
A) spelling B) content C) format D) usage E) grammatical
Adverse risk selection occurs when
A) those with higher then average risk enter the risk pool. B) insurance companies terminate insurance for individuals with higher than average risk. C) the size of the risk pool decreases. D) speculative risk increases.
An system has three major parts with reliabilities of 0.68, 0.68, and 0.57. In order to improve the reliability, each component has a backup each with reliability of 0.98. Compute and indicate the composite reliability of the system.
a. 0.979 b. 0.872 c. 0.831 d. 0.731