Which of the following is a characteristic of the standard normal probability distribution?
A. The mean, median, and the mode are not equal
B. The distribution is not symmetrical
C. The standard deviation must be 0
D. The standard deviation must be 1
Answer: D
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The Lilly Led-better Wage Bill was aimed at:
a. Providing a tax break for returning jobs back to the United States b. Banning job discrimination based on sexual orientation or gender identity c. Closing a loophole in the U.S. legislation related to equal pay for equal work d. Providing jobs for immigrant workers in the United States
Which of the following is not true concerning the Sentencing Reform Act of 1984?
A) A judge may impose sentences from the range provided based on the seriousness of the violation and other factors. B) The United States Sentencing Commission adopted special sentencing guidelines for white-collar crimes committed by corporate and business criminals. C) The United States Sentencing Commission was created by this legislation. D) A judge cannot depart from the sentencing guidelines.
Shareholders in a corporation have the power to bind the corporation to contracts.
Answer the following statement true (T) or false (F)
Hoyt rented office space two years ago to Harris, receiving the first and last months' rent plus a security deposit of $1,000. In early January of this year, Harris moves and Hoyt refunds $250 of the deposit and keeps the remainder to cover $500 which is spent for repairs to the office space and one week of unpaid rent that amounts to $250. How would this information be reflected on Hoyt's tax return this year?
A. $750 income and no deduction B. $750 income and $500 deduction C. $250 income and $500 deduction D. No income is recognized, but a $250 deduction is allowed.