Which of the following transfers is a complete gift?
A. Transfer of cash to a bank account held in joint tenancy with the right of survivorship.
B. Payment of child support by a former spouse.
C. Income paid to the beneficiary of a revocable trust.
D. Transfer of property to a revocable trust.
E. None of the choices is a complete gift.
Answer: C
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What amount did the Indigenous Employment Policy in 1999 compensate employers for providing long-term employment to indigenous workers?
a. Up to AU$4,400 b. Up to AU$10,000 c. Up to US$4,400 d. Up to US$10,000
Which of the following ties salary to a region?
A. The localization approach B. The cafeteria approach C. The modified balance sheet approach D. The lump-sum approach
________ is the reverse of evaluation deficiency. It occurs when activities that are not part of the job are included in the evaluation.
A. Distortion B. Expansion C. Contamination D. Deficiency
Rainbolt Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$343,000 Budgeted hours 70,000machine-hours Actual production (a) 37,000unitsStandard hours per unit (b) 2.00machine-hoursStandard hours allowed for the actual production (a) × (b) 74,000machine-hours Actual fixed manufacturing overhead$363,000 Actual hours 77,500machine-hoursThe fixed overhead volume variance is: (Round your intermediate calculations to 2 decimal places.)
A. $19,600 F B. $400 F C. $19,600 U D. $400 U