Which of the following statements regarding the calculation of taxable income is false?
A. The first step in the calculation of taxable income is determining the taxpayer's total income.
B. Adjusted gross income can be reduced by the greater of the standard deduction or itemized deductions.
C. Adjusted gross income is equal to total income less above-the-line deductions.
D. Taxpayers are allowed to deduct the greater of itemized deductions or above-the-line deductions in calculating taxable income.
Answer: D
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A) B2B B) Financial services C) Consumer products D) Industrial goods
Which theory listed below is not one of the process theories discussed in Chapter 5?
a. Equity theory b. Expectancy theory c. Goal-setting theory d. Need theory
CASE 13.2, EEOC v. Abercrombie & Fitch Stores, Inc (2013) involved a question of whether a clothing retailer violated Title VII when it refused to hire a Muslim woman-applicant because she wore a head scarf in violation of its company dress code, and whether the applicant gave proper notice of a religious accommodation. How did the court rule?
a. That the employer did not violate Title VII because the employer did not have to accommodate the wearing of the scarf because wearing the scarf involved a cultural practice, not a practice required by the potential employee's religion. b. That the employer did not violate Title VII because the employer did not have to accommodate the wearing of the scarf because the employer established that it did not involve a sincerely held religious belief on the part of the potential employee. c. That the employer did not violate Title VII because the employer did not have to accommodate the wearing of the scarf because such accommodation would place an undue hardship on the employer. d. That the employer did not violate Title VII because the applicant failed to give proper notice of a religious accommodation.
A contract carrier provides:
A) a service available to the general public. B) published rates. C) a scheduled service. D) all of the above E) none of the above