Generally, income from an active trade or business is subject to the 3.8 percent net investment income tax.
Answer the following statement true (T) or false (F)
False
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The cost of repairing a machine damaged during installation should be charged as an operating expense
Indicate whether the statement is true or false
What should Dan say about the circumstances of Irvin’s dismissal? Should Dan tell the customer that Irvin was fired for drinking on the job?
Dan was smiling to himself and feeling rather smug as he approached his next customer. After slaving away in a mediocre territory, he had been rewarded with a promotion to a more lucrative area. Today Dan was meeting with Billy Bob, the purchasing agent for a large company in Dan’s new territory. Billy Bob had always been a loyal customer, and although this was their first meeting, Dan fully expected a large order would result from the sales call today. Smiling, Dan entered, offered Billy Bob his hand, and said, “Hello, I’m Dan from Manfred Enterprises. How are you…” Before Dan could even get the words out of his mouth, Billy Bob broke in. “Who the hell are you? Where’s my buddy Irvin? You know we’ve been doing business together for almost 12 years now. I just don’t deal with anybody else, much less a greenhorn. Where the hell is Irvin? We spent a lot of time together—hell, we darn near shut down Sam’s Saloon one night. I’ll just have to call Irvin at home and see what the hell is going on.” Dan recalled Irvin bragging about the order he received one night at Sam’s Saloon. Dan also knew that Irvin had been fired for drinking on the job. Dan was struck with a sense of panic. How could he respond to Billy Bob’s comments without risking the account?
Which of the following is true regarding the relationship between business and society?
A) Society and business need each other. B) Business needs society but the reverse is not true. C) Society needs the government, and the government needs business. D) Society needs businesses, but the reverse is not true. E) Business needs the government, and the government needs society.
If the FDI is a substitute for imports of goods or services, the effect can be to improve the current account of the host country's balance of payments.
a. true b. false