Questions 1-3 refer to the following notice. 

AUGUST 1-14: TWO-WEEK SALES AND USE TAX EXEMPTION ON GARMENTS The tax law has been changed to allow for another two-week exemption from North Carolina State’s 3% sales and use taxes for certain garments. However, the latest amendment differs (1) ………… from the same type of sales exemption that took place at the beginning of the year. This exemption does NOT apply to footwear. The new two-week exemption only applies to purchases of garments. Additionally, this latest exemption is limited to purchases with a cost of less than $100 per item, whereas the previous exemption had a cost limitation of $500. Although a suit could sell for $200, it could be broken down into $100 for the jacket and $100 for the pants, thus enabling the buyer (5) ………… the $100 requirement. This will be the last exemption of this kind this year. The exemption applies to most clothing, assuming it is to be worn by human beings. Fabric, yarn, buttons, zippers, etc., are also covered, provided that these (3) …………are actually part of the clothing itself. Although jewelry, watches, hats, etc., are worn on the body, they will remain taxable as under the previous exemption rules.

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Questions 4-6 refer to the following memorandum.  

To: All Employee Members

From: Jim Jerry, Personnel Department Manager

Date: July 1, 2002

Subject: Clarification of Overtime Policy

As you know, this is our busiest time of year, and many of you have had to work overtime recently. A few people have come to me asking for (4) …………of the company’s overtime policy. While this information is detailed in the Employee Handbook (pagel2), I will summarize it here.

Hourly employees are paid an overtime rate of time-and-a-half for all approved hours worked the standard 50-hour work week (Monday through Friday). Those who work approved overtime on Saturdays, Sundays, or holidays are paid double time for those hours, regardless of how many regular or overtime hours they worked (5) …………that week.

All of the overtime hours must be (6) ………… in advance by your supervisor. If you have any questions, please feel free to come see me in my office.

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Questions 7-9 refer to the following letter.  

Hogan TuffDuds Limited

#120-6 Harper Ave.

Sinclair, Alberta

 

Rosamund Pike Manorside Lumber

4-16-9 Hirana, Higashi-Ku

Kita-Kyushu, Japan

 

September 8

 

Dear Mr. Yamada,

We appreciate your interest in our outerwear, as expressed in your letter of August 16. In (7) ………… to your queries,

1. Yes, our products include waterproof jackets, pants and jumpsuits. They are made with a lightweight, durable and washable material called Re-Fex synthetic. This material makes our clothes warm, but still breathable. In our estimation, our clothes are the highest-quality outerwear available on the market.
2. Yes, for a small extra fee we can stitch names and logos of your choice on our clothing.
3. We cannot guarantee a shipment of more than 300 items in one week. We can guarantee its delivery within three weeks.

I hope this information has been (8) …………to answer your questions. To further assist you, I’ve (9) ………… an updated price list, and I will send the latest edition of our catalogue and order forms in a separate envelope when they are finished printing next week. If you have any further questions, please don’t hesitate to contact me.

Sincerely,

Doris Taylor

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Questions 10-12 refer to the following article.

DataPlus and Chip Manufacturing Announce Tie-Up

DataPlus Industries and Chip Manufacturing announced Monday that they would soon launch a joint venture to produce third-generation data storage technology. At a news conference the following (10) ………… day, which the CEOs of both firms attended, representatives from the two companies outlined the details and the purpose for the move. They told reporters that the tie-up would combine DataPlus’s expertise in data storage software with Chip Manufacturing’s strong industrial production facilities, to allow a net savings in both the development and manufacturing of the new units.

As information technology has expanded, more companies need secure and efficient back-up storage of (11) …………amounts of data. The next generation of data storage devices is expected to be worth more than 3 billion dollars worldwide. On Wednesday, the public relations department of Chip Manufacturing said that it was looking forward to working closely with its smaller but technologically more high-powered counterpart. The two companies emphasized that the tie-up, slated to begin this September, was for data storage technology only, and that they had no plans to merge.

Start-up costs for the venture (12) ………… at $200 million, and the new generation of data storage technology is expected to hit the market next July.

 

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