Which of the following items would be an itemized deduction on Schedule A of Form 1040 not subject to the 2%-of-AGI floor?
a. Professional dues paid by an accountant (employed by Ford Motor Co.) to the National Association of Accountants.
b. Gambling losses to the extent of gambling winnings.
c. Job hunting costs.
d. Appraisal fee paid to a valuation expert to determine the fair market value of art work donated to a qualified museum.
e. None of the above.
b
RATIONALE: Items a., c., and d. are miscellaneous deductions that are subject to the 2%-of-AGI floor.
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All other things held constant, the present value of a given annual annuity increases as the number of periods per year increases.
Answer the following statement true (T) or false (F)
A firm dumping chemical wastes in the local lake is ________
A) actively resisting social change B) contributing to organizational anarchy C) engaging in a "do well by doing good" mission D) adopting a proactive stance toward the marketing environment E) contributing to increased pollution
An inclusive group in which members feel welcomed and accepted will tend ________.
A) to have subgroups B) not to have subgroups C) to outperform diverse groups D) to be high-performing
Which of the following was not an objective of ERISA?
a. To improve access to pension benefits for employees b. To extend vesting periods c. To override discretionary funding clauses in pension plans d. To improve the security of pension benefits for employees