A Benefit of Contracting with Export Trading Companies Is

question 30

Multiple Choice

A benefit of contracting with export trading companies is:

• A) They are the experts in establishing trading partners abroad, and negotiating all the details in retaining customers.
• B) They are experts in staying out of the financial transactions of establishing new markets.
• C) They will always assume the risk if your product does not sell to the foreign customer.
• D) They keep you legal because they serve as the franchisor and make certain that your products meet ISO requirements.

Understand the tax treatment of alimony payments and the criteria that differentiate them from other types of payments.

Recognize the requirements for a payment to be considered alimony under tax law.

Identify eligible deductions related to health savings accounts (HSAs) and contributions by employers.

Distinguish between qualified and non-qualified moving expenses for tax deductions.

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian investment vehicle for individuals to save for retirement while taking advantage of tax deferrals.

Years

Years are units of time that measure the duration or length of time an event has occurred or is expected to occur, usually related to financial calculations or investments.

Invest

To allocate resources, usually money, with the expectation of generating an income or profit.

Investments

Assets purchased with the expectation that their value will grow or generate income.