Generally, debt cancelled during bankruptcy proceedings is not considered taxable. This can be traced back to the concept of periodic cancellation of debts, known as the Law of Jubilee. There may be some exceptions, so individual circumstances should be assessed by professional guidance.
Explanation:In most cases, bankruptcy is an exception to taxes on cancellation of debt income. The concept of periodically cancelling debts originated in ancient Israel with what was called the Law of Jubilee. In the modern context, if an individual is in bankruptcy proceedings, the Internal Revenue Service (IRS) recognizes that their financial circumstances likely prevent them from being able to afford the tax burden that a forgiven debt might otherwise impose. Consequently, the debt discharged during bankruptcy is generally not considered taxable income. Keep in mind, there are some exceptions, so it's always wise to consult with a professional tax advisor or attorney to fully understand the ramifications of bankruptcy on personal taxes.
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Charlie was in charge of handling a media conference for his company after a recent product recall incident. He prepared media kits for all the journalists engaged to appear at the conference. After the media interaction, he outlined the important points of the interaction and issued a news release on the company website. What is Charlie’s role at his company? Charlie is the manager at his company.
From the illustrated description of Charlie’s job in his company, it is clear that Charlie’s role in the company is working as a public relations manager.
A public relations manager is responsible for maintaining a favorable image of their clients, be it individuals, or in Charlie’s case, a company. This include dealing with the media, holding press conferences, and writing press releases.
According to international trade theory, a country can gain
a. only if the trade harms its trading partners.
b. if it maximizes the employment in domestic industries that face competition from foreign producers who have lower costs.
c. if it protects domestic industries from low-wage foreign producers.
d. by importing goods when they can be obtained more economically from foreign producers.
Match the correct economic terms to their descriptions.
monetary policy, factor market, product market, fiscal policy,
Federal government’s way to influence the economy through taxes
Federal reserve’s tool to influence the money supply in the economy
A market where firms buy services related to production
A market where finished goods and services are traded
Answer:
monetary policy, Federal reserve’s tool to influence the money supply in the economy
factor market, A market where firms buy services related to production
product market, A market where finished goods and services are traded
fiscal policy, Federal government’s way to influence the economy through taxes
Explanation: I looked up the deffinitions, because the other answers did not seem right to me.
Answer:
Monetary policy : Federal reserve’s tool to influence the money supply in the economy
Fiscal policy :Federal government’s way to influence the economy through taxes
Factor market : a market where firms buy services related to production
Product market: a market where finished goods and services are traded
How are interest rates calculated by financial institutions?
Financial institutions generally calculate interest as (1) ______ interest or (2)_______interest.
Generally, financial institutions would calculate interest using two models: simple interest and compound interest.
Simple interest refers to calculating interest only on the loan amount you are given or the deposit amount you make, while compound interest refers to calculating interest based on the loan amount you are given or the deposit amount you make as well as the interest it accumulates in every period.
Answer:
(1)Simple
(2) Compounded
Explanation:
The simple interests are interests rates that are charged to whoever ask for the loan, or borrows money in credit cards for the simple action of taking the money, and that percentage is charged one or several times, but does not become part of the debt.
Compounded interests are interests that as the simple are charged to the person that borrows the money or takes out a credit, but this interests do become part of the debt and eventually start to generate interests as the principal account.
help please economic government matching card game there are 10 matches
1. traditional----trade and barter system
2. oligarchy--- rule by small group of people
3.
A theocracy is the rule of a religious authority. Think theology, or theologian.
A monarchy is rule via heredity, such as in a kingship. Monarchies often go hand in hand with religion, such as the case of the Shah of Iran, the Pharaohs of Egypt, as well as kings and queens virtually everywhere throughout all time.
A democracy is rule of the people, although I would not choose to phrase it that way.
Voluntary exchange between buyer and seller would be capitalism.
A dictatorship is authoritarian.
Collective ownership is communism.
I can't read what's on the left, but you can use process of elimination.
As a person becomes an expert in an area, he or she will begin to ________ to help organize the information.
a. use larger chunks
b. use smaller chunks
c. subsidize
d. develop incremental theories
A. Use larger chunks
Arianna has interviewed several of her colleagues to gather their ideas for improving productivity. she now has raw verbal data to analyze. what is the best tool to analyze raw verbal data? a. grid b. bar chart c. line chart d. pie chart
The answer is "a. grid".
The Chart Grid shows a tabular course of action of bar, line, or disperse diagrams, with each table cell containing a different graph. The majority of the outlines in the lattice will be of a similar sort; it is beyond the realm of imagination to expect to blend diagram types in various lines or sections.
The Chart Grid is a "super-component", like the Analysis Grid and the Dimension Grid components. At runtime, clients can control the information they see and the manner by which it's introduced utilizing the Chart Grid's UI controls. The report designer has finish command over which controls are accessible to a client and can introduce them specifically to various clients.
Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the roof. the neighbor never knew who was responsible. tijuana's actions are an example of
Tijuana's actions are an example of "altruism".
Altruism is carrying on of worry for another's prosperity. Regularly, individuals carry on charitably when they see others in edgy conditions and feel sympathy and a craving to help. Selflessness doesn't generally easily fall into place, since by definition, it expects individuals to slight their very own worries to help other people with no desire for remuneration, however "reciprocal altruism" is a term utilized by evolutionary scholars and analysts to describe the choice to help with a desire that one will get some advantage or result to oneself. Agreeable conduct enabled our predecessors to make due under brutal conditions, despite everything it fills an important need to an exceedingly mind boggling society.
Tijuana's secret payment for her neighbor's roof repair is an example of altruism, reflecting a collective effort to maintain a community's appeal and public good.
Explanation:Tijuana's actions of hiring and paying for a contractor to repair her neighbor's roof without seeking recognition is an example of altruism. This type of behavior is seen in communities where individuals engage in group behaviors to protect their neighborhood and indirectly, the value of their property. For Tijuana, her actions contributed to the well-being of her neighbor and the overall appeal of the community, much like neighbors that work together to improve local schools, parks, and ensure enforcement of local laws. Such actions underline the significance of community efforts and social pressures in maintaining the public good without relying on legal enforcement.
Which of the businesses listed below is not a service-based business? car repair hotel house cleaning clothing
Clothing is the business listed that is not a service-based business.
Explanation:A service-based business provides intangible services to customers, rather than physical products. These businesses offer expertise, skills, and solutions to meet various needs, such as consulting, healthcare, education, and professional services. They focus on delivering high-quality services and building strong client relationships to thrive in the market. The businesses listed below are:
car repair - a service-based business, as it provides a service of repairing carshotel - a service-based business, as it provides accommodation and other services for guestshouse cleaning - a service-based business, as it provides a service of cleaning housesclothing - not a service-based business, as it involves selling tangible products (clothes)Therefore, clothing is the business listed that is not a service-based business.
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Among the listed businesses, "clothing" is not service-based. Unlike car repair, hotels, and house cleaning that offer services, clothing involves the production and sale of tangible items, placing it in the category of a product-based business rather than a service-oriented enterprise.
Among the businesses listed, the one that is not a service-based business is **clothing**. While the other options—car repair, hotel, and house cleaning—are service-oriented, providing specific tasks or accommodations for customers, clothing falls under the category of a product-based business.
Clothing involves the manufacturing, selling, and distribution of tangible items, making it a product-oriented enterprise. Businesses involved in producing and retailing clothing operate within the realm of tangible goods rather than providing direct services.
While services like car repair, hotel accommodations, and house cleaning involve specific actions performed for customers, clothing businesses primarily offer physical items for sale, distinguishing them from service-based enterprises that offer tasks, assistance, or accommodations as their primary function.
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17. Which of the following is an example of sources of funds?
A. Acquiring assets
B. Earning interest
C. Buying investments
D. Buying bonds