Our government gets several advantages from the private employee benefit systems. Which of the following is not one of those advantages?
A) Fewer people are dependent on welfare programs.
B) The burden on the Social Security program is reduced if people have private pensions and life insurance.
C) Government control of the economy is avoided if the funds to finance benefits remain in private hands.
D) All of the above are advantages.
D
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Absolute immunity is:
a. freedom from being sued for performing certain functions b. freedom from liability for performing certain functions c. freedom from punitive damages but not compensatory damages d. freedom from compensatory damages but not punitive damages
Under MACRS, an asset which originally cost $100,000 is being depreciated using a 10-year normal recovery period. The depreciation expense in year 5 is ________
A) $10,000 B) $12,000 C) $21,000 D) $ 9,000