A hobby activity results in all of the hobby income being included in AGI and no deductions being allowed for hobby-related expenses.

Answer the following statement true (T) or false (F)


True

Rationale: Income from a hobby activity is included in income. The TCJA of 2017 disallows the deduction of miscellaneous itemized deductions subject to theĀ 2%-of-AGIĀ  floor, which includes hobby-related expenses.

Business

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A) social marketer B) business-to-business marketer C) e-commerce marketer D) marketing planner E) instapreneur

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An opportunity cost table is developed by first subtracting the minimum value in each row from all other row values and then repeating this process for each column

Indicate whether this statement is true or false.

Business

At a firm's quarterly dividend meeting held April 9, the directors declared a $0.50 per share cash dividend for the holders of record on Monday, May 1. The firm's stock will sell ex dividends on ________

A) April 28 B) May 5 C) April 29 D) April 27

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In integrated markets, the covariance with the world should determine the expected return on the ________

A) international market B) world market C) domestic market D) country market

Business