Firewalls and encryption are both ________

A) common safeguards for Internet transactions
B) common authentication systems for intranets
C) types of sniffers used by hackers
D) types of passwords used by employees
E) tools for corporate espionage


A

Business

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The __________ rule allows management immunity from liability for corporate acts where there is a reasonable indication that the acts were made in good faith and with due care

A) sovereign immunity B) business judgment C) reasonable director D) good faith

Business

An expense that could be included in the itemized deductions of a taxpayer is

A) life insurance premiums. B) real estate property taxes. C) travel to work expenses. D) driver license fees.

Business

If the Retained Earnings account is credited for $3,600 in the closing process, the company had a net income of $3,600.

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

Business

Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2018 for $20,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is

A. $2,250. B. $3,000. C. $1,410. D. $0.

Business