What are the tax deductible fringe benefits available to owners who work in a sole proprietorship?
What will be an ideal response?
Ans: sole proprietor may set up IRA or Keogh retirement plan; may deduct a portion of medical insurance premiums.
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Kantian ethics can best be characterized by:
A) Determining which course of action produces the greatest amount of good for the greatest number of people. B) The consultation of an outside source, such as a book or person, for guidance. C) The belief that the moral rules should be determined by persons who have a "veil of ignorance" about their place or station in society. D) A set of universal rules based on reasoning which must be applied in all situations and is characterized by reversibility. E) The belief that a person must decide what course of action is proper based on that person's own set of beliefs or feelings.
Which of the following is NOT an activity of a financial institution or market?
A) Bringing together buyers and sellers of financial assets B) Providing a market for the transaction of financial assets C) Providing information to buyers and/or sellers of financial assets D) All are activities of financial institutions.