7. Under the Equal Credit Opportunity Act (ECOA), it is unlawful to discriminate against an applicant for credit on the basis of:O a. income.O b. length of employment.O c. felony conviction.O d. age.8. Transfers of consumer credit balances to new credit cards are a lucrative area for banks and credit card companies.a. TrueO b. False9. Which of the following statements is true of a subprime loan?O a. It is now prohibited under the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFCPA).b. It is a loan with higher interest rates and large prepayment penalties.O c. It is for borrowers with a FICO (Fair Isaac Co.) score below 720.O d. It is for borrowers with a FICO (Fair Isaac Co.) score above 720. 10. Which of the following is true of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009?O a. It restricts credit card solicitation of those under the age of 18.O b. It allows college and university partnering with credit card companies.O c. It created the Consumer Financial Protection Bureau (CFPB).O d. It limits the frequency of companies changing a card holder's interest rate.

Equal Credit Opportunity Act The ECOA law is only applicable in the United States, ECOA law is…

7. Under the Equal Credit Opportunity Act (ECOA), it is unlawful to discriminate against an applicant for credit on the basis of: O a. income. O b. length of employment. O c. felony conviction. O d. age.

7. Under the Equal Credit Opportunity Act (ECOA), it is unlawful to discriminate against an applicant for credit on the basis of: O a. income. O b. length of employment. O c. felony conviction. O d. age.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Vicarious performance is where a. a third party performs an obligation in place of another person who is ultmately liable for a proper performance b. an employee performs an obligation inplace of another employee and the performing employee is liable for proper performance c. parties to a contract enter into another agreement that has the effect of transferring the liability to perform to a third party d. an employer performs an obligation in place of its employee and is liable for proper performance e. parties to a contract agree to terminate a contract and substitute a new contract in place of the old one.
7. The Civil Rights Act prohibits employment discrimination based on: A. None of these B. Race and color C. Pay equity D. Military service 8. The three types of interview questions are: A. Open, unstructured, and behavioral B. Structured, unstructured, and behavioral C. Open, closed, and structured D. Structured, destructured, and behavioral 9. Relevant documents are taken to a specific interview in: A. None of these B. A three-ring binder C. A job search portfolio D. An interview portfolio
An example of an expense not allowed as a deduction under Code Sec. 162(a) would be: a, a speeding ticket. b, expense incurred while operating an illegal gambling business. c, a government imposed penalty. d, both a and c. e, all of the above.
(True/False) Section 280F provides the general rule that listed property must be used for the convenience of the employer and required as a condition of employment. Reg. Sec. 1.280F-6 states that the terms “convenience of the employer” and “condition of employment.”
Instead of being classified as an employee, MatthewMcGinnis was misclassified as an independentcontractor. How will Quality Company’s employerFICA taxes be affected? What penalty will theemployer face for this misclassification?
1. Discuss the definition of a trade or business. Why does it matter whether a taxpayer is classified as an employee or as self-employed.
true or false In most situations, the total Social Security taxes levied on employers will exceed the amount of Social Security taxes withheld from employees.
i. Discuss five (5) factors that should be considered in determining whether employment should be classified as Contract for Services or Contact of Servicesproviding support from relevant case-law to support your answer for 2 of the factorsdiscussed. ii. What is the tax implication if the employment is one of contract of service rather than contract for services?
Which of the following statements about the Commissioner’s powers is most correct? a. The Commissioner cannot request a taxpayer to provide information in writing. b. The Commissioner can remove documents from a taxpayer’s premises. c. The Commissioner is entitled to access a taxpayer’s premises at any reasonable time without notice. d. The Commissioner needs to obtain a search warrant in order to enter a taxpayer’s premises.
Which of the following damages are also referred to as special damages because they arise outside the contract? Multiple Choice Liquidated damages Consequential damages О Punitive damages Compensatory damages
Which of the following amounts paid by an employer to an employee is not subject to withholding? Oa. Salary Ob. Travel expense reimbursements from an accountable plan Oc. Commissions UE Od. Bonus Oe. All of these choices are subject to withholding.
Please share an exclusion from gross income. Describe the exclusion along with the section of the IRS code that pertains to the exclusion. Please also state whether the exclusion is unlimited or capped at a certain amount.

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