Memorandum To: Bobby Barker CC: Dr. Linwood Kearney From: Manuel Marroquin Date: [ 9/15/2011 ] Re: Section 529 Qualified Tuition Programs Introduction Section 529 Qualified tuition programs are college savings plans designed to encourage investors/donors to save for future college costs, while providing many tax advantages. Section 529 plans are legally known as “qualified tuition plans.” These plans are sponsored by the states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. Qualified tuition programs, as authorized by Section 529 of the Internal Revenue Code, permits the states, state agencies, and eligible educational institutions to establish and maintain programs, allowing an investor/donor, to contribute monies into an account for paying a student’s future qualified education expenses at a postsecondary institution. Section 529 Plans There are two types of 529 plans: Pre-paid tuition plans and College savings plans. First, if you choose to invest in a prepaid tuition savings plan, you the investor/donor “may purchase tuition credits or certificates on behalf of a designated beneficiary,” at today’s rates to be used in the future.
Do firms have any responsibilities to society at large? Yes, I definitely think firms have responsibilities to society at large. They need to make sure they are providing a safe working environment to not just their employees but to the world. They need to make sure they avoid polluting the air or water, and produce products that are safe for the consumers. 2.
Compare the economic prosperity of your nation to the amount of arable land and resources it has. Do you see a relationship? When you get together as a group, compare this data. Is there a trend? How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?
How are interfund transfers reported on a financial report? DQ 3 How can a government entity prepare government-wide statements using the fund statements? What is a governmental reporting entity? DQ 4 You are the sole contributor to a philanthropic foundation. You must specify whether investment gains should be expendable or nonexpendable.
How are interfund transfers reported on a financial report? DQ 3 How can a government entity prepare government-wide statements using the fund statements? What is a governmental reporting entity? DQ 4 You are the sole contributor to a philanthropic foundation. You must specify whether investment gains should be expendable or nonexpendable.
Federal and state governments develop policies similarly but implement policies differently but are always geared toward protecting the interest of the United States citizens. Development of policies is similar between both federal and state departments. To develop a policy there must be an issue. This issue will create ideas that policy makers of both state and federal can use to correct the problem. Depending on the issue a policy makers may remain uninterested if the issue does not seem urgent.
Ethics gain from personal experience. Ethics are derived from values. Values help individuals to choose ethically. Therefore, ethics provides the structure for conduct. Ethical issues vary from legal issues because ethical issues are individualistic and legal issues are embodied in a system that governs society.
While these agencies lawfully go into such it doesn’t mean that they have to be governed by the CICA. These are instances where they may be exempted from this requirement. Additionally, it is important to note that contracts that are non-procurement in nature such as those that come from agencies that used other transaction authority (OTA) or comparable authorities are not covered under the CICA. The reason is simple, the CICA was made to govern procurement contracts and those that have a different category lies outside its jurisdiction or authority. CICA is solely focused on procurement procedures.
In addition, they should also be held accountable for these decisions. These ideas are thought to be true in most circumstances, but typically there are variations when dealing with each individual belief. Within the obligation category, certain issues may not always be handled easily. The strict belief to always do what is morally right may not leave much room for compromise in the business world. The inability to look past the right choice to the most beneficial one, the obligation to right versus wrong, and the idea of equality in the workplace may result in problems in the workplace for a person who holds these values within the obligation category.
The use of purchase orders enables an organisation to clearly communicate the purchase arrangement. These will outline the products and so services being purchased. The purchase order forms a legal offer with the vendor and can protect the vendor from non-payment and can be used to verify payments. With the appropriate process and procedures in place they can also minimise the risk to an organisation from requests being raised without internal approval. Activity 9 Describe a mechanism for ensuring that operational activities are proceeding according to plan.