Monica is a maid in a San Francisco hotel. Monica received $500 in unreported tips during 2016 and owes Social Security and Medicare taxes on these tips. Her total income for the year, including tips, is $4,500 . Is Monica required to file an income tax return for 2016?

Alice offers Richard a chance to work in her affiliate marketing program which, she claims, will make him a millionaire in three months. Richard makes the "mandatory investment" of $12,000 and becomes an affiliate

Soon, he realizes that such a program does not exist and that Alice has disappeared with the money. This is an instance of ________. A) misrepresentation of law B) fraud in the factum C) fraud in inducement D) duress

Which of the following statements would be consistent with the bird-in-the-hand dividend

theory? A) Wealthy investors prefer corporations to defer dividend payments because capital gains produce greater after-tax income. B) Dividends are less certain than capital gains. C) Dividends are more certain than capital gains income. D) Investors are indifferent whether stock returns come from dividend income or capital gains income.