Anita, who is divorced, maintains a home in which she and her 16-year-old daughter live. Anita provides the majority of the support for her daughter and for a son, age 23, who is enrolled part-time at the university and lives in the dorm. The son also works in the campus bookstore and earns spending money of $4,500. Which of the following statements is correct regarding the number of dependents Anita can claim? ... OA. Anita can claim her daughter, but not her son, as a dependent. OB. Anita can claim her son, but not her daughter, as a dependent. OC. Both the son and daughter qualify as Anita's dependents. OD. Neither the daughter nor the son qualify as Anita's dependent.
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- A co-worker of Illinois licensee Mona shared a client’s confidential information with her and asked Mona not to tell anyone. Instead of keeping it to herself, Mona gave the information to another licensee. Which statutory duty has been breached? Adhere to the brokerage agreement’s terms Employ reasonable skill and care in performing brokerage services for the client Keep all confidential information provided by the client confidential Serve the client’s best interestsHOLDE O R, a self-employed stockbroker, becomes totally disabled on January 1 and receives $1,500 a month for the next twelve months from her owns trevased De which she had paid the premium. How much of this income is subject to federal income tox? OA $18,000 $12,800 $9,000 $0 B. O C. O D.In 2001,Troy Stubblefield, the owner of Shreveport Air Tools, a company that sold equipment for the petroleum, automotive, and construction industries, was prompted to create an online business when he lost one of his major customers to an early online retailer. Online retailing was a new and risky prospect at the time, but Troy was an early adopter of the business model. Lacking the necessary technical skills to create an e-commerce website, he turned to his son Ryan, who set up the first ToolTopia.com site. Relatively soon afterward, they realized their best option was to function as an affiliate, which meant they processed orders and askedb their suppliers to actually fill the orders. The Stubblefields needed people with technology and sales skills to grow ToolTopia.com and eventually they replaced their part-time help with a combination of full-time and part time employees. As the company grew, it also become a virtual workplace, with employees working from various locations and…
- Trusted EmployeeFine Works Pavers hired Sharp as a part-time bookkeeper in December 2005, and the owner was so pleased with her performance that he offered her a full-time position the next year. John Travolta, the owner of Fine Works Pavers, grew up on a farm. He did not attend college but had a knack for business. His construction company had grown tremendously when the economy was booming.Over the years, he purchased and sold several businesses, and “as a result, he controlled approximately a dozen companies, each with their own financials in an enterprise that grossed $25 million a year.”Sharp was a trusted employee and soon was overseeing the finances of four companies. However, Sharp was having difficulty paying the rent and fearing eviction, she stole her first $750 from her employer, and no one noticed. From there, it escalated. She started small, but by 2009 she had taken nearly $460,000. She would come to work dressed as she always had and lived in a modest home. Her only…Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive, Boca Raton, FL 33434. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane’s Social Security number is 123-45-6781. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund. Jane had health insurance for all months of 2018. During 2018, Jane had the following income and expense items: $100,000 salary from Legal Services, Inc. $20,000 gross receipts from her typing services business. $700 interest income from Third National Bank. $1,000 Christmas bonus from Legal Services, Inc. $60,000 life insurance proceeds on the death of her sister. $5,000 check given to her by her wealthy aunt. $100 won in a bingo game. Expenses connected with the typing…Calculator The Coinsurance cause in an individual Medical Expense policy refers to the OA insured's rights to have another person, such as a spose or dinned on the same poky OB. company cay esse corage op insurance company's right to join with and insurance company's right to share OC in ce with another c Insurance company's right to the hosto de detale percentage of the cost of com OD.
- Recording Under an Accident and Health policy, which of the following persons has the right to change the beneficiary? O A. Applicant Insured O B. O C. O D. Beneficiary Policyowner Chat Whiteboard Code 372-256-906State whether the following agreements or contracts are void, voidable valid, and provide a reason for your answer. 1 ) Taylor, aged 17, gets married, and divorces two months later. After getting divorced, she enters into a contract with Michael for the sale of his house. ( 2 ) Jessica, aged 5, enters into a contract with John, aged 11, for the sale of his bicycle. 3 ) Nomsa, aged 16, runs a successful boutique with the consent of her parents, and enters into a contract relating to her business. 4 ) Amy, who is 17, has inherited an apartment in Cape Town from her deceased father. The apartment is valued at R2 million. With her mother’s assistance, Amy enters into an agreement to sell the apartment to her aunt. 5 ) Justin, who is mentally ill, concludes a contract for the sale of his laptop without his curator knowing. (2)John works as an engineer for a technological company, and Maria works as a sales executive for a competitor business. Maria reminded John that her profession contains sensitive information, and she cautions him not to reveal anything he learns from her work to anyone. While attending a conference, John overheard two executives from Maria's company discussing a new product launch. He chooses to buy a modest amount of Maria's company's shares, intending to profit from the predicted increase in the company's stock price following the product launch. John double-checked his company's regulations to ensure that there was no conflict of interest or limitation on the purchase. However, as a result of unanticipated factors, the product introduction was delayed, and the stock price of Maria's company fell instead. Instead of the predicted profit, John's investment resulted in a loss. Question : In the view of conflict of interest of ethics in financial analysis, state the key points of the…
- Jeremy is looking for assistance but NOT representation - not even limited representation - while buying his next home. All he wants is a licensee to facilitate the transaction honestly and fairly, disclosing any known facts that are not readily observable that could materially affect the value of any property looked at. If the licensee would do that, Jeremy would be perfectly happy to look out for his own interests and negotiate this deal on his own. Select the agency relationship you think is the BEST fit for Jeremy. single agent transaction broker designated agentSkip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?the underwriting and issuance of a master group health policy in Florida requires that all employees: or members must be eligible to participate regardless of individual health history OB. ос O D. Found or members must be individually underwritten, and acceptance depends on prior health history younger than 21 are automatically accepted, and employees older than 21 are individually underwa are individually underwritten, but all accepted employees' dependent children under the age of 18 are automatical