What is the maximum amount that companies are permitted to charge COBRA beneficiaries?
A) 102 percent of all employees' annual pay
B) 102 percent of the employee's annual pay
C) 102 percent of the cost of health insurance to the beneficiary under the employer's plan
D) 102 percent of the federal poverty guidelines
Answer: C
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Which of the following is considered a tax return preparer?
A. A neighbor who assists with preparation of depreciation schedule. B. A son who enters tax return information into a computer program and prints a return. C. A woman who prepares tax returns in her home during filing season and accepts payment for her services. D. A volunteer at a local church who prepares tax returns but accepts no payment.
A firm requires an investment of $36,000 and borrows $12,000 at 9%. If the return on equity is 20%, what is the firm's pretax WACC?
A) 8.2% B) 19.6% C) 16.3% D) 22.9%