The accumulated earnings tax is imposed on a partnership formed for or availed of for the purpose of avoiding the income tax with respect to its owners by permitting earnings and profits to accumulate instead of being divided or distributed.
Answer the following statement true (T) or false (F)
False
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The equation for the Phillips curve in an economy is ? = ?e? 0.5(U? 5),If the inflation rate is 4 percent and the unemployment rate is 6 percent, then the expected inflation rate in the economy must be
A. 2.5 percent. B. 4.0 percent. C. 4.5 percent. D. 5.0 percent.
Footnotes are a common method of ____________
a. taking notes b. drafting documents c. citing sources d. organizing information
Forever Yours, Inc has a secured and perfected security interest in Sally's big-screen TV. On the filing date of Sally's Chapter 7 petition, the balance of the debt owed to Forever Yours is $2,000 . The value of the TV is estimated at $1,500 . This means that Forever Yours
a. is secured for the entire debt, $2,000. b. is unsecured for $500, the excess of the debt over the value of the TV. c. has a high priority claim of $500 . This means that Forever Yours, Inc. will be allowed $500 worth of other unsecured property before other unsecured creditors get anything. d. is unsecured for the entire debt.
The Digital Millennium Copyright Act makes it illegal to:
a. copy computer programs. b. delete copyright information. c. develop certain types of computer programs. d. copy computer chips.