1. Is there actually paid requirement for a deduction of expense by a cash basis taxpayer? Does actual payment ensure deduction? Explain.
2. At what rate of interest must your savings of $10,000 be compounded monthly for it to grow to $20,000 in 8 years?
Please round your answer to the fourth decimal (e.g. 0.0000)
3. Determine the best possible way for international financial institutions to avoid becoming the tool of globalized with collar crime.