A taxpayer's tentative minimum tax exceeds his net income tax so he will be paying the alternative minimum tax this year. The taxpayer has a sole proprietorship through which he has earned general business credits. The taxpayer can reduce his AMT to the extent of his general business credits.
Answer the following statement true (T) or false (F)
False
While some specific business credits may be allowed, generally the application of general business credits is limited to the amount by which net income tax exceeds tentative minimum tax.
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Dylan Corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when themarket rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The amount of annual interest paid to bondholders remains the same over the life of the bonds. b. The amount of annual interest expense decreases as the bonds approach maturity. c. The amount of annual interest paid to bondholders increases over the 15-year life of the bonds. d. The carrying amount decreases from its amount at issuance date to $2,000,000 at maturity.
Explain the dual purposes of employment interviews
What will be an ideal response?
The purpose of a social responsibility audit is to:
A) develop positive-image building activities B) develop contingency plans in case of negative events or negative publicity C) make sure the organization has clear-cut ethical guidelines for employees to follow and that the company acts to serve the interests of all publics D) uncover any unethical behavior and to develop rules and policies for enhancing social responsibility
A likely outcome from leading with love is ______.
a. hesitation to innovate b. emotional engagement c. resistance to change d. inefficiency