A dollar-for-dollar subtraction from an individual's or corporation's tax liability is called a tax deduction

Indicate whether the statement is true or false


False

Business

You might also like to view...

What are the guidelines for preparing a speaker to deliver a message at a press conference?

What will be an ideal response?

Business

Promotion is composed of personal selling, advertising, publicity, and sales promotion.

Answer the following statement true (T) or false (F)

Business

Which of the following characteristics apply to liquid assets?

A) They are characterized by low returns. B) They involve low risk. C) The temptation to spend is greater. D) All of the above are correct.

Business

Which of the following statements is FALSE?

A) Leasing allows the party best able to bear the risk to hold it. For example, small firms with a low tolerance for risk may prefer to lease rather than purchase assets. B) When the lessor is the manufacturer, a lease in which the lessor bears the risk of the residual value can improve incentives and lower agency costs. C) For leases in which the lessor retains a substantial interest in the asset's residual value, the lessee has more of an incentive to take proper care of an asset that is leased rather than purchased. D) Whether they appear on the balance sheet or not, lease commitments are a liability for the firm.

Business