For a tangible gift to be considered valid, the donor must make the delivery in person

Annuity payments are taxable to the extent that they represent interest earned rather than capital returned. What method is used to determine the taxable portion of each payment?

A) Annuitization ratio B) Marginal tax formula C) Surtax ratio D) Exclusion ratio

CEO Maria is so convinced that company sales will triple, that she commits the company to lavish new expenses without making contingency plans if the sales growth does not take place. Maria might be falling into the

a. prudence trap. b. overconfidence trap. c. recallability trap. d. subjective thinking trap.