Volos Company (a calendar-year corporation) began operations in March of 2017 and was not profitable through December of 2018. Volos has been profitable for the first quarter of 2019 and is trying to determine its first quarter estimated tax payment. It will have no estimated tax payment requirement in 2019 because it had no tax liability for the 2018 tax year and has been in business for at least 12 months.
Answer the following statement true (T) or false (F)
False
Estimated taxes are due if the corporation expects to incur a tax liability of $500 or more for the year. A corporation can base its estimated payments on the prior year's tax liability only if it is positive, which is not the case here.
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Which sentence is punctuated correctly?
A) Invitations to the meeting must be sent to Jill Harrison, president, XMI Technologies, Bill Kolstad, CEO, Watson Manufacturing, and Ron Keys, sales consultant, Hotbot Solutions. B) Invitations to the meeting must be sent to Jill Harrison, president, XMI Technologies; Bill Kolstad, CEO, Watson Manufacturing; and Ron Keys, sales consultant, Hotbot Solutions. C) Invitations to the meeting must be sent to Jill Harrison; president, XMI Technologies, Bill Kolstad; CEO, Watson Manufacturing, and Ron Keys; sales consultant, Hotbot Solutions.
The Consumer Credit Protection Act limits the garnishment of wages to the lesser of _____ of the debtor's disposable earnings for the week or the amount by which disposable earnings for the week exceed _____ times the current federal minimum hourly wage
a. 10%; 30 b. 25%; 30 c. 30%; 25 d. 35%; 40
Of the following appeals, the one that has the most relevance to an economic buyer is
A. "Who doesn't want 50% more cash?" (Capital One Rewards Card). B. "Relentlessly protecting your identity" (LifeLock). C. "Expect great things" (Kohl's). D. "Live for now" (Pepsi). E. "I'm lovin' it" (McDonald's).
By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life insurance policy with another company and to purchase a new policy from the company that Gretchen represents
Gretchen has engaged in an illegal sales practice called A) bait and switch. B) rebating. C) retaliating. D) twisting.