Which of the statements about audits is false?
A) 1 percent of individual taxpayers are audited.
B) 23.57 percent of individuals earning between $500,000 and $1 million are audited.
C) 8.9 percent of individuals earning between $1 million and $5 million are audited.
D) 27.37 percent of individuals earning more than $10 million are audited.
Answer: B
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Identify the statement that holds true of revised Article 3 of the Uniform Commercial Code regarding checks.
A. Under revised Article 3, a payor bank may pay a postdated check before the stated date unless the drawer has notified the bank of postdating pursuant to a procedure set out in the Code. B. Revised Article 3 states that an instrument which names a fixed time for payment should not contain a clause permitting the time for payment to be accelerated at the option of the maker. C. Revised Article 3 prevents an instrument from meeting the "unconditional promise" if it requires a countersignature of a person whose specimen signature appears on the draft. D. Under revised Article 3, an instrument does not qualify as a check if it contains the engraving "money order" on its face.
In order to obtain a material person's lien on a piece of property, a notice of lien must be filed in
the proper place and notice must be given to the owner of the affected real property. Indicate whether the statement is true or false
A(n) ________ organizational culture focuses on driving employees to meet immediate business needs without investing in ongoing employee development and long-term job satisfaction.
A. adaptive B. flexible C. inert D. entrepreneurial E. normative
A high volume of posting is an important characteristic of popular and influential blogs, but it tends to create a lot of junk
Indicate whether the statement is true or false