Six schedules are commonly used by taxpayers filing Form 1040. Give the title of each of these six basic schedules: A, B, C, D, E, EIC
What will be an ideal response?
Answer: Schedule A: Itemized Deductions
Schedule B: Interest and Dividend Income
Schedule C: Profit or Loss from Business
Schedule D: Capital Gains and Losses
Schedule E: Supplemental Income and Loss
Schedule EIC: Earned Income Credit
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Organizations are under pressure to produce products in the optimal location and to serve the world market from there if their products have low value-to-weight ratios.
a. true b. false
Which of the following is true of the Dodd-Frank legislation?
A) Federal Deposit Insurance Corporation-insured institutions are required to keep their interests in hedge funds and private equity funds. B) Investment banks have to set aside reserves to cover all forms of expenditure. C) Originators of mortgage securities must hold 5 percent of the credit risk, thus retaining an interest in the performance of the securities. D) Banks will be allowed to trade in a proprietary manner but cannot continue to buy or sell from their own accounts to hedge against other investments.