Among the advantages of writing a will is
a. all death taxes may be avoided without sacrifice to customary beneficiaries.
b. property may be distributed in accordance with the wishes of the testator.
c. the services of a personal representative may be dispensed with, and his or her fee saved.
d. probate may be avoided.
b
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What will be an ideal response?
List and discuss the three ways to acquire control of a corporation
Answer the following statements true (T) or false (F)
1. The value of health, accident, and disability insurance premiums paid by an employer are generally not included in an employee's gross income. 2. Mattie has group term life insurance coverage of $120,000 provided by her employer on a nondiscriminatory basis. She must include premiums for $120,000 of coverage in gross income, determined by using IRS tables. 3. "Working condition fringe benefits," such as memberships in professional organizations paid for by the employer, are generally excluded from the employee's gross income. 4. Nondiscrimination requirements do not apply to working condition fringe benefits. 5. The exclusion for employee discounts on services is limited to 30% of the price charged regular customers.
Operating budgets include all the following budgets except the:
A. Sales budget. B. Cash budget. C. General and administrative expense budget. D. Production budget. E. Selling expense budget.