Quizlet Fiscal Law

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Fiscal Law. Constitution Article 1 Section 7. Constitution Article 1 Section 8 Clause…. The basic axiom of fiscal law is that the expenditure of publi…. body of law which governs the availability and use of federal…. Empowers Congress to pass bills for the raising of revenue and…. Empowers Congress to collect taxes.

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Start studying Fiscal law. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Home. Subjects. The proper amount of money to obligate at the award of a firm fixed price contract is. Conservative amount based on estimated future requirements. Sets with similar terms. Other Quizlet sets.

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1) Lead-Time Exception. 2) Stock-Level Exception. Bona Fide Need Rule Applied to Service Contracts. Services are the bona fide need of the fiscal year in which they are performed. Severable Contracts. May start in one FY and end in the next FY, if …

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Start studying Fiscal Law. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Fiscal Law To know. STUDY. PLAY. Direct Federal Tax. 8.5%. Withholding Tax. 35%. Double Business Requirement. For split-offs article 61 (1) lit b FDTA requires that one or more business

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CDFM 3.1 Fiscal Law. True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. Nice work!

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F: German law specified a minimum alcohol level of 25% for fruit liqueurs. Impeded import of French Cassis, which had 15-20% alcohol content. P:Confirmed that indistinctly applicable measures could be MEQRs prohibited under Art 34

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57. According to the , in competitive markets free of transportation costs and barriers to trade, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency. A. law of one price B. principle of consistent pricing C. model of fair pricing D. principle of equitable pricing

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View Fiscal law exam.pdf from AA 1Take Test: Final Certification Exam – 2018 Comptrollers. Page 1 of 9 Take Test: Final Certification Exam Test …

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20 points QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a computer system that the Post Engineer will use to track work orders and inventory. This $15,000 computer system is readily available within a few days from any of several local vendors. The Post Engineer intends to place the system in a warehouse for which …

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Need occurs in the fiscal year it will be used. Bona fide need for a service (2 types): 1. Severable - when work is performed. 2. Non-severable - when work must start. Bona fide need for construction: when a building must be started in order to have it completed on time. Bona fide need exceptions (3):

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Study Flashcards On Fiscal Law, Acts CDFM Module 1 at Cram.com. Quickly memorize the terms, phrases and much more. Cram.com makes it easy to get the grade you want!

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2018 COMPTROLLER FISCAL LAW QUESTIONS AND ANSWERS Accountable officers can be held pecuniarily liable: Both 1 & 2 (1. For three additional years after a loss due to fraud….. discover. ;2. for improper payment discovered within three years after the accounts are substantially complete.) Mr. Sanders is a Government Commercial Purchase Card (GCPC) …

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Comptroller Fiscal Law Course XpCourse. Training Xpcourse.com Show details . 4 hours ago Yes, Comptroller General Decisions B-233243, B-213141- O.M., and B-321296 determined that agencies may use current fiscal year’s funds to pay for training in the next fiscal year, if the training is deemed a bona fide need.In order to classify as a bona fide need, the training must …

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Fiscal Law Overview Ethics Counselor's Deskbook November 2013 4 II. KEY TERMINOLOGY. A. Fiscal Year. The Federal Government’s fiscal year begins on 1 October and ends on 30 September. B. Period of Availability. The period of time in which budget authority is available for original obligation. Most appropriations are available for obligation for a

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Refer Explanation section * The government has decided that the free-market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue. Is this possible?* ** Floor price is the minimum price fixed by the government to protect the interest of the producers, especially the farmers. When the market price is low [P_1] , the …

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Taxation Law Bar Questions and Suggested Answer up to 2015 (PDF) TAXATION LAW Bar Exams Q&A until 2015 (arranged per topic) Emmanuel Caliwan, J.D. - Academia.edu Academia.edu no longer supports Internet Explorer.

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Whats the difference between fiscal law and contract law?

charge fees. Makes gov't operate more like a business. T/F As long as the MIPR is accepted by 30 September, we're good to go. Fiscal Law is about... spending the government's money the right way. Contract Law is about... how to acquire stuff. 1. Requires a failed or failing state 2. Different from construction

What is the law of supply in macroeconomics?

Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other.

What is it called when the government controls the price?

Laws that government enact to regulate prices are called price controls. Price controls come in two flavors. A price ceiling keeps a price from rising above a certain level (the “ceiling”), while a price floor keeps a price from falling below a given level (the “floor”).

What is the supreme courts fiscal philosophy?

The Supreme Court’s Fiscal Philosophy: “The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress.” United States v. MacCollom, 426 U.S. 317 (1976).

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