Once a taxpayer uses the standard mileage method to determine the deduction for automobile expenses for the tax year, the standard mileage method must be used in all subsequent years
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Smurnov Company has a purchasing department that provides services to two factories located in Austin and the other in Belmont. Budgeted costs for the purchasing department consist of $91,000 per year of fixed costs and $7 per purchase order for variable costs. The level of budgeted fixed costs is determined by the peak-period requirements. The Austin factory requires 3/7 of the peak-period capacity and the Belmont factory requires 4/7.During the year, 2,700 purchase orders were processed for the Austin factory and 3,900 purchase orders for the Belmont factory.Required:Compute the amount of purchasing department cost that should be charged to each factory for the year.
What will be an ideal response?
In 2005, a new federal law allowed consumers once-a-year free access to their credit reports. Many consumers who accessed their credit reports were surprised by the amount of information collected. What can marketers and marketing researchers do to minimize consumers' privacy fears?
What will be an ideal response?
The number of successes in a binomial experiment must range from zero to n
Indicate whether the statement is true or false
Which of the following cannot be used to develop a probability distribution?
A) listing the probabilities for the outcomes of rolling two dice B) measuring the frequency of low and high temperatures for the month of November C) stating that there is a definite chance of rain tomorrow D) surveying sports experts at the beginning of the season on the odds of the Colorado Rockies winning the World Series