The Dodd-Frank Act reduces the amount of funds authorized for TARP and requires that TARP funds repaid by financial institutions be used for government deficit reduction
a. True
b. False
Indicate whether the statement is true or false
True
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Companies use corporate advertising; image advertising, and advocacy advertising from time to time. How are these advertising methods? What are the circumstances under which they are used?
What will be an ideal response?
As a favour to a friend, Jane Monroe became a director of Urban Attitudes, Inc It went bankrupt and didn't send income tax money deducted from wages to the government, but used the money in a fruitless attempt to save the business
Jane did not attend any board meetings and didn't know of the failure to send the money to the government. Which of the following is true? A) Jane is not liable to pay the taxes because she didn't know of the failure to send in the money. B) Jane is not liable to pay the taxes because she was not personally involved in the failure to send in the taxes. C) Jane is liable merely because she was a director at the time the corporation failed to send in the money. D) Jane is not liable to pay the taxes because she was not paid for being a director. E) Both A and B
Ryan, age 48, received an $8,000 distribution from his traditional IRA to pay for medical expenses. Ryan has made only deductible contributions to the IRA and his marginal tax rate is 28 percent. What amount of taxes and early distribution penalties will Ryan be required to pay on the distribution?
What will be an ideal response?
Employee stock ownership plans (ESOPs) provide considerable employee incentive and increase employee involvement.
Answer the following statement true (T) or false (F)