Alex has unexpectedly been made redundant from his job as a gardener and is struggling financially. Explain three ways that unemployment can impact negatively on an individual’s self-concept.
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Alex has unexpectedly been made redundant from his job as a gardener and is struggling financially. Explain three ways that
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- Muayad is a secondary school student and is actively looking for a job but fails to find one . Which of these statements is true about him ? O a . Muyad is not considered as unemployed b . Muayad is considered as unemployed O c . Muayad is part of the labor force O d . Muayad is structurally unemployed Clear my choiceHolly was injured while working in a factory and received 12,000 as workers compensation while she was unable to work because of the injury. Jill, who was self-employed, was also injured and unable to work. Jill collected 12,000 on an insurance policy she had purchased to replace her loss of income while she was unable to work. How much are Holly and Jill each required to include in their gross income?Can the owner of a small business receive unemployment compensation? Explain.
- Hamza is a student of UTAS -Nizwa in the foundation program. He is actively searching for a job but fails to following statement is TRUE for Hamza ? O a . Hamza is considered as employed Hamza is considered as unemployed Hamza is not counted in the labor force Od Hamza is out of the labor force Clear my choiceJensen is the sole owner and operator of a small embroidering firm called “Stitch This” which designs and creates promotional goods for other businesses and sports teams. “Stitch This” has three employees who work under Jensen’s direction. Jensen is concerned that if he were to become disabled and unable to work for a period of time, not only would he lose his income, but his business may not be able to survive considering the ongoing operating expenses. Which of the following insurance policies would BEST address the needs of “Stitch This”?Daniel is a father of four and work as a pilot with an airline industry. He was told that he is going to lose his job due to the COVID-19 pandemic. He is so worried and do not know whether to apply for a job somewhere else. He was trained as a pilot and has no proper academic qualification in other filed. His wife is not working and Daniel needs income to pay his monthly commitment and raise his family. He is now struggling to find other job and do not know what to do. Propose solution to the above mentioned problem and write a report based on the followings. 1.Identify the issue (s)/problem(s) of the case. 2.Apply the FOUR stages in problem solving discussed in Topic 4 for the above case. 3.Propose your solution based on the model and theory you have learned.
- Which of the following situations describes a risk exposure that can be most appropriately insured against with an individual disability income policy? A)A self-employed bookkeeper earns $40,000 a year out of a small office located in her neighborhood, and wants to protect her income. B)A lawyer wants to make sure his business overhead expenses are covered if he becomes disabled. C)A couple with a military retirement income manages a self-storage business, and they are compensated with a place to live that is on the premises of the business. D)An accountant's spouse owns the building in which the accounting office is located. All of the practice’s income is used to pay rent and other business expenses, so the accountant has no compensation from the business.Rasha Ali operates a health food store, and she has been the only employee. Her business is growing, and she is considering hiring some additional staff to help her in the store. Explain to her the various payroll deductions that she will have to account for, including their potential impact on her financial statements, if she hires additional staff.Ray loses his job as a result of a corporate downsizing. Consequently, he falls behind on the mortgage payments on his personal residence. His friend Ted would like to make the delinquent mortgage payments for him. a. Could the payments be structured so that Ray can deduct the mortgage interest? b. Could the payment arrangement deny both Ray and Ted a mortgage interest deduction? c. Could the payments be structured so that Ted can deduct the mortgage interest?
- How much should a two-earner family have in reserves in case of a job loss? What about a single person?Amanda operates a manufacturing Plant and melons through a business income form. Her insurance policy would covers Loss of earnings as a result of a recession loss of earnings as a result of fire damage to the building loss of earning as a result of a discontinued product line employees’ loss of earnings due to a strikeDennis just got hired after not working for two years following his reporting of financial statement fraud by his previous employer. Dennis was treated as an outcast and ultimately fired after the company “trumped up” some unsubstantiated claims of poor performance. Dennis fought thedismissal in court as wrongful termination but lost. It was two difficult years during which time his marriage broke up. In order to get hired for the new job, Dennis felt compelled to shade the truth about why he left the job. Here is what Dennis told the recruiter when asked whether he had left thecompany because of any differences:“I didn’t feel as though there was a good growth path and that it didn’t make sense to stay somewhere that wasn’t going to work out for me.”Did Dennis do the right thing? Explain.
