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NEW QUESTION: 1
A bank has given a customer a merchandise gift with a fair market value of $25.00 for opening a deposit account. Which
of the following statements
describes the proper reporting status of this gift?
A. The fair market value of the gift is added to the interest paid and reported on Form 1099-INT.
B. If the cost of the gift is under $20.00, it is not reportable to the IRS.
C. The cost of the gift is credited to the customer's account as a bonus, increasing the account balance.
D. The fair market value of the gift is reported to the customer on the periodic statement.
Answer: A
NEW QUESTION: 2
All of the following are types of synthetic insulin except:
A. NPH
B. Humalog (lispro H)
C. Regular
D. Intralente
Answer: D
Explanation:
Explanation: All of the following are types of synthetic insulin except intralente. There are different types of insulin with varying action times which help in maintiaing the levels of glucose in the body.
Duration of action of insulin depends on the individual's metabolic rates, intake, and level of activity.
Intralente is not a type of insulin; rather Ultralente is the correct name of a type of insulin.
NEW QUESTION: 3
Employee benefits that are payable after the completion of employment are considered what kind of benefits?
A. Short-term benefits
B. Post-employment benefits
C. Termination benefits
D. Long-term benefits
Answer: B
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C-S43-2022 Exam Info
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C-S43-2022 Exam Topics
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C-S43-2022 Offcial Page
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