Why might CPI not accurately measure real changes in the cost of living? (Discuss
substitution bias, introduction of new goods, changes in quality). Would CPI
overestimate or underestimate cost of living because of the bias?

Mr. Jackson died on June 19 when the total FMV of his property was $23 million and his debts totaled $2.789 million. His executor paid $23,000 funeral expenses and $172,000 accounting and legal fees to settle the estate. Mr. Jackson bequeathed $500,000 to the First Lutheran Church of Milwaukee and $1 million to Western Wisconsin College. He bequeathed his art collection (FMV $6.4 million) to his wife and the residual of his estate to his three children. Assume the taxable year is 2020. Note that Congress adjusted the lifetime exclusion rate subsequent to publication. Required:

A-Compute Mr. Jackson’s taxable estate.

B-Compute the estate tax payable by Mr. Jackson’s executor if Mr. Jackson made no taxable gifts during his lifetime.

C-Compute the estate tax payable by Mr. Jackson’s executor if Mr. Jackson made a substantial taxable gift in 2011 and used $5 million of his lifetime transfer tax exclusion to reduce the amount on which gift tax was owed to zero.

comment at least 75 words.

The ways for aging adults to continue to utilize their cognitive function is for them to participate in actives such as Chess, Bridge, Crossword Puzzles or Computer Games. The benefits of participating in these types games is that it can help improve overall satisfaction of life and can enhance the memory function as the aging process continues. Participating in these actives can also reduce stress and anxiety as they can serve as an outlet for these types of emotions that are commonly experienced as people age. Physical act ivies including yoga, vigorous walking swimming and even household chores will improve the quality of life of someone who is beginning the ageing process. The benefits of these actives include increasing muscles mass, improving balance and bone density, helps reduce the chance of developing heart disease and high blood pressure. Social interaction is also and importance part of health aging. Remaining engaging with friends and family, participation in church events or age appropriate organize social groups can decrease mortality, reduce stress anxiety and depression and improve one’s overall quality of life.

34. Daniel is single and has the following income and expenses in 2017:

Salary income $60,000

Net rent income 6,000

Dividend income 3,500

Payment of alimony 12,000

Mortgage interest on residence 4,900

Property tax on residence 1,200

Contribution to traditional IRA 5,000

Contribution to United Church 2,100

Loss on the sale of real estates (held for investment) 2,000

Medical expenses 3,250

State income tax 300

Federal income tax 7,000

a. Calculate Daniel’s AGI.

b. Should Daniel itemize his deductions from AGI or take the standard deduction? Explain.

41. Nancy, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expense for this are $53,000. The restaurant begins operations on September 1. Determine the amount that Nancy can deduct in the current year for investigating these two businesses.

41. Nancy, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $35,000 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expense for this are $53,000. The restaurant begins operations on September 1. Determine the amount that Nancy can deduct in the current year for investigating these two businesses.

34. Daniel is single and has the following income and expenses in 2017:

Salary income $60,000

Net rent income 6,000

Dividend income 3,500

Payment of alimony 12,000

Mortgage interest on residence 4,900

Property tax on residence 1,200

Contribution to traditional IRA 5,000

Contribution to United Church 2,100

Loss on the sale of real estates (held for investment) 2,000

Medical expenses 3,250

State income tax 300

Federal income tax 7,000

a. Calculate Daniel’s AGI.

b. Should Daniel itemize his deductions from AGI or take the standard deduction? Explain.

The Tax Cut and Jobs Act, 2017

The changes made by the Tax Cut and Jobs Act, 2017 to the tax provisions have changed tax rate for 2018 and people are getting a first hand experience of what it means to them. Go over the Act and address the questions below in full paragraphs:

Does everyone benefit from the changes in tax provisions or does it favor one group over others?

What changes do you agree and disagree with?

Aging Brain.pdf

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2) Address the following questions in your discussion board post:

• What are some reasons that brain research is a growing area of interest?

• What types of images can be used to study the brain?
• What is the difference between normal brain changes with aging and pathological changes seen with brain diseases? Give an example of natural degenerative changes versus brain disease.
• What are some strategies that can be used to keep the brain young and healthy?

Provide a supported response that discusses (1 five changes/trends with which the human resource professional should be most concerned (be sure to discuss the significance of your choices), (2) the impact of these changes/trends, and 3) what public and nonprofit organizations can do to better “manage” and “adjust” to these changes within the framework of two human resource activities (activities to include human resource planning , job design, recruitment, selection, compensation, performance management, or operating policies).

think of some room arrangement ideas OR material adaptations to improve accessibility and usage for children with disabilities. First, give a detailed description of changes you would make to the classroom in at least 3 different areas or to at least 3 different materials to accommodate a child with special needs. After your description please answer the following questions about your changes.  

What type of child would your accommodations be supporting?

Were the ideas your own or did you get them from somewhere (which is ok, but put name of book or link)?

Why do you feel these changes would best support the type of child you are looking to support?

Do you think that children without special needs would have a problem with the changes?

Are there costs associated with your changes? If so, where could the funds come from (note we don’t just have a million dollars sitting around)?

Why should someone else in class review try your ideas?

Tesco Exits South Korea

Tesco was founded in 1919 by Jack Cohen (Cohen), who invested his serviceman’s gratuity of £30 in a grocery stall. The first private label product introduced by Cohen was Tesco Tea. The name Tesco was a combination of the initials of the tea supplier TE Stockwell, and the first two letters of Cohen’s name. Tesco opened its first store in 1929 in Edgware, London. In 1947, Tesco Stores (Holdings) Limited was floated on the Stock Exchange with a share price of 25 pence and the first supermarket was opened in 1956 in Maldon, Essex, England. The first superstore was opened in 1968 in Crawley, West Sussex. In the 1960s, Tesco went on an expansion spree and acquired several store chains. The Retail Price Maintenance (RPM) Act in Britain prohibited large retailers from pricing goods below a price agreed upon by the suppliers. To overcome this obstacle to price reduction, Tesco introduced trading stamps. These were given to customers when they purchased products and could be traded for cash or other gifts. RPM was abolished in 1964, and from then on, Tesco was able to offer competitively priced products to its customers in a more direct manner. The first Tesco superstore, with an area of 90,000 square feet, was opened in 1967.

TESCO’S GLOBAL EXPANSION
Tesco’s global expansion began in 1979, when it entered Ireland by acquiring a 51% equity stake in ‘3 Guys stores’. In 1986, Tesco divested itself of the stores after it found that it could not sustain its operations in the country as customers were rejecting the British products that it sold. During the late 1980s and the early 1990s, Tesco examined the options available in the US and European countries after the British government introduced new regulations on ‘out-of-town’ stores. In December 1992, Tesco entered France by acquiring an 85% equity holding in Catteau supermarkets, which operated under the Cedico brand with 72 superstores, 7 hypermarkets, and 24 small stores. However, Tesco failed to sustain itself in the market due to competition from French retailers like Carrefour and Promodès. In 1995, a law was passed in France which prohibited the opening of new large retail stores. Moreover, the company failed to adapt its products to suit local tastes and lost market share. In 1996, in spite of investing an additional £ 300 million in France, sales in the country grew by a mere 1%. In the year 1997, Tesco sold its operations in France to Prom odes.

TESCO IN SOUTH KOREA
In the early 1990s, there was a growing demand from consumers in South Korea for a modern shopping experience owing to rapid economic growth and increasing disposable incomes. The government had adopted protectionist policies and the retail sector was not open for foreign direct investment (FDI). Tesco

entered South Korea in 1999 through a joint venture with Homeplus, a unit of the country’s biggest business group Samsung Corporation (Samsung). In the next few years, Tesco became the most successful international retailer in the country. Its success was attributed to its ability to localize its products and stores to appeal to the South Korean consumers; its operating through local management; and its strong presence through different store formats. South Korea went on to become Tesco’s most successful international business in terms of revenue. As of 2014, it operated d 140 hypermarkets, 609 supermarkets, and 326 convenience stores.

TESCO’S STRATEGIES IN SOUTH KOREA
Immediately after entering into the joint venture, Tesco went about upgrading the store layouts. The stores were modified to resemble department stores, which were spacious and clean. Tesco’s stores in Korea did not resemble its stores in the UK or in other European locations like Hungary, Poland, the Czech Republic, and Ireland.

CHANGES IN THE OPERATING ENVIRONMENT
In October 2012, when Tesco posted its first fall in profits in 20 years, the company also announced that its profits in South Korea would take a £ 100 million hit due to the "retail market development bill” that had been passed by the government in November 2010. However, changes in the operating environment in South Korea due to new laws that were enforced beginning 2010 to protect small retailers and merchants started to impact Tesco and other large retailers. These laws placed restrictions on the locations where supermarkets could be opened. The Distribution Industry Development Act passed in 2012 imposed restrictions on the time for which the stores could remain open and also specified that on two weekends every month the large retail stores should be closed. As most Koreans shopped during the weekends, these restrictions started to impact Tesco, which made losses in 2015. Under the impact of the global recession, the private spending in South Korea fell. Another factor that impacted Tesco in South Korea was its UK business, which was not doing well.

TESCO’S EXIT FROM SOUTH KOREA
After several months of speculation, Tesco sold its South Korean stores to Asian private equity firm MBK Partners for £4.2 billion on September 07, 2015. On September 07, 2015, Tesco PLC (Tesco), a British multinational grocery and general merchandise retailer, announced that it had sold its South Korean business, operated under the name Homeplus, for £4.2 billion to a consortium of companies led by MBK Partners, a South Korean buyout firm. The consortium included Canada Pension Plan Investment Board, Public Sector Pension Investment Board, and Temasek Holdings (Private) Limited.

Case study question
The extract above mentions changes in operating environment in which Tesco functions.

Discuss in this context, the nuances of a Task environment.