Why are the various tax "credits" such a welcome relief?
What will be an ideal response?
Answer: Tax credits are subtracted directly from taxes due on a dollar-for-dollar basis. The credits are not a deduction from income or a percentage of some entry in the tax form. Your final income tax liability represents your base income tax less your tax credits. The bottom line is a major savings in the tax burden.
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Implementing broad bands increases the opportunities for promoting employees.
Answer the following statement true (T) or false (F)
Assume that there is a decline in inventory value in one period, then there is a reversal of value to the original or higher value and a later period. Which of the following statements about recognition of the loss is true?
A) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period in all situations. B) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within the same fiscal year. C) The decline in inventory value and related loss should be recognized in the first period and reversed in the second period but only if the second period is within a different fiscal year. D) The decline in inventory value and related loss should never be recognized.
Which of the following is not one of the principles of effective career management as identified by King (2004):
a. pro-activity b. dynamism c. collaboration d. stability
The primary colors–yellow, red, and blue–can be combined to produce secondary colors
Indicate whether the statement is true or false.