In which type of culture is the relationship valued more than punctuality and efficiency?
A) Time oriented
B) Egocentric
C) Power distance
D) Collectivist
E) Polychronic
Answer: E
Explanation: E) Polychronic cultures are more relaxed about time and punctuality. Polychronic cultures typically put people and relationships before schedules.
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Ralph gave his aunt an antique clock during tax year 2017. He had purchased the clock for $16,000 in 2013. The fair market value at the date of the transfer was $22,000. What amount should be recorded on Form 709 as the value of this gift?
A. $16,000 B. $8,000 C. $22,000 D. $2,000
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The Social Security system provides supplemental income to ________
a. those who have never worked because of disabilities b. those employees who earn less than $100 per week c. unskilled laborers d. retired workers
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