Three Important Things to Consider When Faced with a Question

question 9

Multiple Choice

Three important things to consider when faced with a question of ethics are where the action takes place, whether the person in question holds a position of power, and

• A)if there is a company policy regarding the issue.
• B)the amount of damage the action could cause.
• C)the importance of the people involved.
• D)whether criminal or civil actions are at stake.

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Definitions:

Coverdell Education Savings Account

An investment account in the U.S. with tax benefits, intended to promote savings for future educational costs.

AGI

Adjusted Gross Income, which is gross income minus adjustments, and serves as a basis for calculating taxable income on an individual's tax return.

Qualified Higher Education Expenses

Expenses related to education, such as tuition and fees, required for enrollment or attendance at an eligible educational institution.

Nontaxable Distribution

A distribution or payout from an investment or account, such as a return of capital, that is not subject to income tax.