Luckybug

Tax 4001 comprehensive final exam activity based tax - Answer-tax imposed on the results of an ongoing activity in which persons or organizations engage ad valorem tax - Answer-a tax based on the value of property excise tax - Answer-a tax levied on the retail sale of specific goods or services; may be in addition to or instead of a general sales tax graduated rates - Answer-multiple percentages that apply to specified brackets of the tax base value added tax - Answer-a tax levied...

TAX 4001 - Chapter 1 What are the two components of a Tax? - Answer-1) A tax rate (the percentage) 2) A tax base (the actual item being taxed) What are the three different tax rates and define each? - Answer-1) Progressive ( the overall tax rate increases as taxable income increases) 2) Regressive (the overall tax rate decreases as taxable income increases) 3) Proportional (the overall tax rate stays the same as taxable income increases Calculate Average Tax - Answer-Tax liabil...

TAX 4001 Final Exam Tax Shelter - Answer-Wealthy taxpayers in high income tax bracket invest in opportunities where they can collect a loss and bring down their taxable income - focused around non recourse financing - obligation where borrower isn't personally liable - Previous investment strategy before laws put in place - Used to avoid/defer taxes = offset income from other source How does tax shelter benefit the investor? - Answer-- Tax savings that pay for itself (pay partial amoun...

TAX 4001 Proportional Tax - Answer--applies the same rate on all income, ex: Sales Tax -Also known as a flat tax rate = Tax Base X Tax Rate Regressive Tax - Answer--applies a decreasing rate as the tax base increases, ex: Social Security Taxes (Payroll Taxes) -as the tax base increases, the taxes paid increase, but the marginal tax rate decreases (not common) Progressive Tax - Answer--imposes an increasing marginal rate as the tax base increases, ex: Federal & State Income Taxes -a...

PSCHY TEST BANK QUESTIONS AND ANSWERS

Hearing Aid Specialist Exam Quiz Questions Professionalism can be defined as practicing with ______________ . A) A high performance standard B) Accountability C) Work ethic D) All the above - Answer-D) All the above Accountability, A High Performance Standard, Work Ethic The legal aspects of professional practice are defined through A) Membership in a professional society B) Ethical Conduct C) Local and National Laws and Regulations D) The FDA - Answer-C) Local & Nationa...

Hearing Aid Dispenser-The Human Ear-Anatomy The Isthmus - Answer-Where does the canal narrow to enter the temporal bone? The tympanic membrane. - Answer-The dividing line between the external ear and the middle ear is: cilia, ceruminous glands, sebaceous glands. - Answer-The ear canal contains: The Vagus Nerve(Xth Cranial) - Answer-What is found on the bottom of the ear canal? pars flacidia, pars tensa, and the umbo. - Answer-Name three parts of the tympanic membrane: Atresia -...

Hearing Aid Dispenser License Professionalism - Answer-___________ is practicing with impeccable performance, accountability, and work ethic. Ethical conduct - Answer-____________ is rooted in a code of acceptable social behavior as determined by society's conventions regarding polite behavior and doing the right thing for the right reasons SOAP notes stands for - Answer-S; subjective; O: objective; A: assessment P: plan HEAR notes stands for - Answer-H: history; E: evaluation; A: a...

Hearing Aid Dispenser-Hearing Disorders The Air-Bone Gap is: - Answer-Always better hearing by bone conduction than by air conduction, never the reverse. The Air-Bone Gap indicates: - Answer-Impairment to the conductive portion of the hearing mechanism. Sensorineural Component - Answer-What term describes the difference between the bone threshold and the range of normal hearing. (same as the loss by bone conduction)? Conductive Component - Answer-What is the over-all difference betwe...

Hearing Aid Dispenser Practice Test Questions What BEST describes the effect on the patient if you continue to lower a hearing instrument's kneepoint and increase the compression ratio? Choose ALL that apply. A. a lot of gain for soft sounds B. very few speech cues in a crowded party C. little or no gain for moderately loud sounds D. too much amplification in a crowded party - Answer-A,B, & C What frequencies would be MOST affected by a head cold? - Answer-Low frequencies. 250,500 ...