As a general rule: i. income from property is taxed to the person who owns the property. ii. income from services is taxed to the person who earns the income. iii. the assignee of income from property must pay tax on the income. iv. the person who receives the benefit of the income must pay the tax on the income.

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.