Answer the following statement(s) true (T) or false (F)
1. Wealth is a flow.
2. A wealth tax is equivalent to a tax on the return to saving. (
3. If the supply of savings is perfectly inelastic, a comprehensive wealth tax will increase the market rate of interest.
4. Assuming that the supply curve of savings is upward sloping, a comprehensive wealth tax will reduce annual investment.
5. As administered in the United States, the local property tax is mainly a tax on real estate.
1. False
2. True
3. False
4, True
5. True
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The entry that includes a debit to Payroll Taxes and Benefits Expense also includes credits to Federal Unemployment Tax Payable and State Unemployment Tax Payable
Indicate whether the statement is true or false
Mabel is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following is true regarding credit information gathered on Mabel?
a. Since Mabel has been delinquent, she waives her right to see the credit files. b. If Mabel is rejected for a loan because of the consumer report, the lender must tell her the source of the report. c. Mabel has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good. d. Mabel's only legal remedy, if there is erroneous information in her credit file, is to report the problem to the FTC for enforcement.
If Ford purchased the same number of brakes from NUCAP on a regular basis, it would be participating in a straight rebuy.
Answer the following statement true (T) or false (F)
Exceptions to coverage are generally strictly interpreted against the insurer
Indicate whether the statement is true or false