The Usual Method of Creating an Agency Is By

question 22

Multiple Choice

The usual method of creating an agency is by:

• A) express authorization.
• B) conduct.
• C) operation of law.
• D) ratification.

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Definitions:

Disposal

Refers to the process of getting rid of an asset or substance.

CCA

Capital Cost Allowance, a tax deduction in Canada that represents a yearly depreciation charge for the cost of assets of a business over a period of time.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the rate applied to their highest tier of income.

Income

The money received, especially on a regular basis, for work, through investments, or from business activities.