Which of the following statements is false?
A. Alimony received by the taxpayer under a 2018 divorce agreement is taxable.
B. Under the cash method, prepaid income such as rent is usually taxed when received rather than when earned.
C. Income earned by selling goods on the Internet is taxable.
D. Municipal bond interest is taxable.
Answer: D
You might also like to view...
Karen spilled some coffee on the counter at a coffee shop and failed to wipe it up, and her friend said, “That was bad.” Her friend just ______.
a. misapplied ethical reasoning b. rejected analytical perspective c. became a stakeholder d. performed an ethical analysis
Diamond, Inc purchased a machine under a deferred payment contract on December 31 . 2013 . Under the terms of the contract, Diamond is required to make eight annual payments of $140,000 each beginning December 31 . 2014 . The appropriate interest rate is 8 percent. The purchase price of the machine is
a. $1,389,190. b. $1,120,000. c. $868,900. d. $804,530.
?Which of the following statements is true of capital budgeting methods that consider the time value of money to evaluate independent projects?
A. ?They choose the projects with the highest rate of return. B. ?They provide the same accept/reject decisions. C. ?They choose the project with the shortest payback period. D. ?They provide the highest terminal values of the projects. E. ?They choose the project with multiple internal rates of return.
A collection of all state probabilities for a given system at any given period of time is called the
A) transition probabilities. B) vector of state probabilities. C) fundamental matrix. D) equilibrium condition. E) None of the above