If a taxpayer decides to take advantage of an ambiguous tax issue to reduce future tax costs, the decision increases:

A. Financial risk
B. Tax law uncertainty
C. Marginal tax rate uncertainty
D. Audit risk


Answer: D

Business

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DB offered to sell a cap in her possession for $10 . Dan said he would pay $5

a. There is a contract for the sale of the hat for $10 . b. There is a contract for the sale of the hat for $5. c. There is no contract because Dan's counter-offer terminated his power of acceptance. d. There is a contract if DB says nothing to Dan's proposal, because then her silence would be an acceptance.

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Institutional advertising is by far the most common type of advertising and receives the largest share of advertising expenditures.

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

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The result of the decision from the Supreme Court's Chicago Teachers Union and Beck decisions has been that:

a. unions no longer spend agency fees on political activities b. unions generally ignore the rulings and they are hard to enforce c. non-union members no longer have to pay agency fees d. Congress repealed the Taft-Hartley Act e. none of the other choices

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A sample of 75 information system managers had an average hourly income of $40.75 with a standard deviation of $7.00 . The value of the margin of error at 95% confidence is

a. 80.83 b. 7 c. 0.8083 d. 1.611

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