Ian would like to save $2,000,000 by the time he retires in 30 years. If he believes that he can achieve a 6% rate of return, how much does he need to deposit each year, starting one year from now, to achieve his goal?
A) $12,065
B) $37,500
C) $5,790
D) $25,298
D) $25,298
= $2,000,000/79.058 = $25,298
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Indicate whether the statement is true or false
Losses on sales of property between a taxpayer and his/her siblings are disallowed.
Answer the following statement true (T) or false (F)
Charles owns 1,000 shares of stock in Temperan, Inc Charles wants to obtain corporate records including the corporation's minute book and accounting records. Under the Model Act, Charles is entitled to this information if he requests it in good faith and A) he has a proper purpose
B) he owns at least 1 percent of the company or $2,000 of stock. C) he is an employee of Temperan. D) he is a controlling shareholder.
Politicians have ________ incentives to act in their own interests rather than in the interests of taxpayers
A) no B) strong C) weak D) low