Answer True or False for the following questions: 1. In the state of California, workers must...

Answer True or False for the following questions:

1. In the state of California, workers must elect to be covered by state disability.

2. The head of household filing status will receive the highest standard deduction on a federal tax return.

3. Contributions to ROTH IRA are not deductible on your tax return, however, you are exempt from income taxes when you withdraw the money from a ROTH IRA after retirement.

4. A mutual fund is a type of interest earning savings account at a bank or credit union.

5. With open-end credit, funds for credit are available on a continuous basis aka you can keep borrowing more as long as you regularly make at least partial payment.

Solutions

Expert Solution

Ans 1 True

Sttae Disability insurance is basically a plan which covers partial wage relacement insurance for the workers

Almost the workers workong in California are covered by state disability.

ans 2 False

The highest standard deduction is received by married couple filling jointly, it is double than what single gets. Head of household gets standard deduction more than songle but less than married filling jointly

ans 3 True

We cannot deduct contribution made towards ROTH IRA but after retirement if we withdraw tha it is tax free

ans 4 False

No mutual fund is not a saving account. It is an investment made wherein the money is invested in different bonds, stock etc by the fund manager on behalf of investor. There are various multal fund company who invest in various portfolios on behalf of investor

ans 5 True

An open end credit is a line of credit which is provided by bank to its borrowers doing business where the borrower has the option to withdraw as an when required within the line of credit allowed and repayment made as an when possible.

If any doubt please comment

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Answer the following questions True or False. Write “True” or “False” in the blank. 1._________ The...

Answer the following questions True or False. Write “True” or “False” in the blank. 1._________ The rate constant changes if the concentrations of the reactant change. 2._________ If the concentration of a reactant changes, the rate of the reaction always changes. 3._________ The coefficients of the overall reaction tell us the order for each reactant. 4._________ The half-life for a first order reaction does not depend on the initial concentration. 5._________ If the rate of a reaction over a long...

For the following questions: write a TRUE or FALSE and then elaborate on the answer. The...

For the following questions: write a TRUE or FALSE and then elaborate on the answer. The golden-rule state for an economy with constant population but where the effective supply of labour grows at a steady rate refers to a condition such that consumption of the total population is maximised. The equation, Y = MV/P, implies that, if the velocity (V) does not change when the money supply (M) changes, then the government can raise national income (Y) by printing more...

A test consists of 20 true or false questions. To get an A, you must answer...

A test consists of 20 true or false questions. To get an A, you must answer at least 18 questions correctly. If you guess on each question, what is the probability that you will get an A? Use the Standard Normal Table to find the indicated probabilities: a b c d

Answer True or False to the following questions: 1. An oligopolist who sets the price for...

Answer True or False to the following questions: 1. An oligopolist who sets the price for the industry is a price leader. 2. Command economies are able to achieve greater allocative efficiency than market economies. 3. Unlimited liability is a distinct advantage of the proprietorship. 4. Game theory is not useful for analyzing perfectly competitive markets. 5. The “invisible hand” refers to the control that government must exercise over a market economy.

True or False Questions: Please answer true or false. 1. Even when care is free at...

True or False Questions: Please answer true or false. 1. Even when care is free at the point of service, we would expect low and high-income individuals with the same level of need to demand different quantities of health care. 2. We would expect the demand curve for physician visits to be more price elastic than the demand curve for inpatient hospital care. 3. A decision by the provincial governments to include counseling by psychologists within the public insurance plan...

Please answer these TRUE or FALSE questions. 1. True or False. The Born-Oppenheimer approximation accounts for...

Please answer these TRUE or FALSE questions. 1. True or False. The Born-Oppenheimer approximation accounts for scattering. 2. True or False. Tunneling is one way to approximate the solution to the Free Particle. 3. True or False. The coordinate version (x,y,z) of the Free Particle wavefunction can be normalized by including time. 4. The spin quantum number is used when combining the Hydrogen Atom and Free Particle models together.

.Explain whether the following statement is true or false and state the correct answer explaination: 1....

.Explain whether the following statement is true or false and state the correct answer explaination: 1. Profit growth can be defined as the rate of return the firm makes on its invested capital 2. A joint venture is one firm licenses its intellectual property to another firm 3. Write different ways to enter a foreign market. If you were asked by a pharmaceutical company to design a market entry strategy, clearly showing which you would use and justify your choice...

Indicate if the following questions are True or False. Explain “Why” your answer is True or...

Indicate if the following questions are True or False. Explain “Why” your answer is True or False. 1. Marginal costs tend to increase faster than average variable costs as firms produce more. Why? 2. Competitive firms try to become monopolistic firms. Why? 3. For a monopoly, marginal revenue is less than average revenue or demand for any given level of firm production except for its first production unit. Why? 4. Some oligopolistic firms try to collude. Why?

Please answer the following questions (true/false) 1. The form and substance of a company's response to...

Please answer the following questions (true/false) 1. The form and substance of a company's response to international market opportunities depend greatly on management's assumptions or beliefs about the nature of the world. 2. A patent is a distinctive motto that a manufacturer affixes to a particular product or package to distinguish it from goods produced by other manufacturers 3. The ethnocentric company is decentralized in its marketing management whereas the polycentric company is centralized. 4. Gray color is associated with...

True/ False Questions: For the following questions, first write whether they are true or false then...

True/ False Questions: For the following questions, first write whether they are true or false then write in a few sentences why it’s true or false. (1.5) a. The processes for producing penicillin and blue cheese both use the Penicillium fungus. b. The reproductive organs of Amanita muscaria are popular pizza toppings. c. The fungus Claviceps purpurea is thought to have triggered the infamous Salem witch trials. d. Saccharomyces cerevisiae is a common household bread mold. ...

Subjects