In a partnership, each of the partners is liable to third parties for debts of the partnership in proportion to his or her ownership interest in the partnership
a. True
b. False
b
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The question "What is your opinion of the measures taken by the government to control inflation?" is an example of a ________ question
A) semantic differential B) word association C) completely unstructured D) story completion E) dichotomous
Generally, government inspectors do nothave the right to enter business premises without a warrant
Indicate whether the statement is true or false
Alex works for a company with a 401(k) plan. He currently earns $80,000 in gross salary and contributes 8% of his gross salary into his 401(k) account
If his marginal tax rate is 33%, how much income tax liability is he saving by participating in his 401(k)? A) $6,400 B) $2,112 C) $6,000 D) $16,800
Ana Maria's family would need $35,500 for annual living expenses if she should pass away. Her husband earns $13,100 per year and the family has additional yearly income of $12,000 from investments. If the prevailing interest rate is 13.3%, how much life insurance is needed to cover the family's income shortfall? (Round your answer to the nearest $1,000)
A) $78,000 B) $267,000 C) $189,000 D) $2,000