Which of the following statements correctly reflects the rules governing interest to be paid on an individual's Federal tax deficiency or claim for refund?
a. The IRS has full discretion in determining the rate that will apply.
b. The simple interest method for calculating interest is used.
c. IRS interest compounds daily.
d. Congress sets the IRS interest rate twice each year.
c
RATIONALE: The procedure for determining the rate of interest (options a. and d.) is set forth in ยง 6621(b). Quarterly changes to the interest rate and daily compounding are used (options b. and c.).
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A system that accounts for both environmental costs and the impact of environmental issues is referred to as a(n) __________________________________________________
Fill in the blank(s) with correct word
Which of the following is a step in the simulation methodology?
a. Describing the problem in order to understand the business model b. Designing a conceptual model c. Collecting data d. All of the above
Intangible items such as airline trips, financial advice, or telephone service that an organization provides to consumers are referred to as
A. benefits. B. goods. C. production goods. D. services. E. support products.
________ cultures tend to have flatter salary structures.
A. Individualist B. Long-term-oriented C. Short-term-oriented D. Collectivist E. Masculine