Tom and Alice were married on December 31 of last year. What is their filing status for last year?
A) They file as single.
B) They file as married filing jointly or married filing separately.
C) They file as single for half the year and married filing jointly for the other half.
D) They file as single for 364 days and married filing jointly for one day.
B) They file as married filing jointly or married filing separately.
Marital status is determined as of the last day of the tax year. If the couple was married on December 31, they are considered married for the entire year and may file either married filing jointly or married filing separately.
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Which of the following would most likely use informal research methods to obtain marketing insights?
A) multinational firms B) pharmaceutical firms C) brick-and-mortar companies D) not-for-profit organizations E) family-owned businesses
The difference between the balance of a fixed asset account and the balance of its related accumulated depreciation account is termed the book value of the asset
Indicate whether the statement is true or false
Mitch takes his two best suits to Quality Cleaners and receives a ticket as a receipt. Quality tells Mitch his suits will be cleaned and will be ready to be picked up on Monday. Another customer overhears the exchange and early on Monday goes to Quality, convinces the worker he is Mitch but that he has lost his receipt. He identifies and retrieves the suits, which happen to fit him perfectly,
too. Quality Cleaners a. is strictly liable to Mitch for the suits. b. is liable to Mitch only if Mitch can prove Quality was grossly negligent. c. has no liability unless Mitch proves Quality did not use ordinary care. d. will avoid liability if the receipt contained an exculpatory clause excluding gross negligence.
Judges who serve in the U.S. Courts of Appeals receive lifetime appointments from the President, subject to confirmation by the Senate
a. True b. False Indicate whether the statement is true or false