If you are a professional who is likely to receive income that is not subject to withholding, then you are required to:

A. pay an estimated tax.
B. file an amended return.
C. file an extension.
D. deduct a tax credit.
E. calculate itemized deductions.


Answer: A

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a. copyrights b. logos c. trademarks d. service codes

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In which of the following situations would a minor be unable to disaffirm a contract which he had made?

A) Upon restoring the consideration received in a situation involving a fully executed contract B) Where the minor wishes to affirm part of a contract and disaffirm another part of the same contract C) During the time of his minority or for a reasonable time thereafter D) None of these.

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What is the correct term for documentary credit that cannot be changed unless all parties involved first agree to the change?

A) revocable B) irrevocable C) confirmed D) straight

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Insurers in California are required to offer ________ coverage to consumers due to the substantial risk factors in that state

A) renters B) liability C) inflation D) earthquake E) bankruptcy

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