The phrase "piercing the company veil" applies to which type of organization?

A. a close corporation
B. a general partnership
C. a limited liability company
D. an S corporation


Answer: C

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Marcia, who is single, finished graduate school this year and began repaying her student loan. The proceeds of the loan were used to pay her qualified higher education expenses. She has not received any type of educational assistance or scholarships. The amount of interest paid during the year amounted to $3,000. What is the amount and classification of her student loan interest deduction if her AGI is $73,000?

A. $3,000 for AGI B. $2,500 for AGI C. $500 for AGI D. $2,000 for AGI

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According to ________ theory, employees will be motivated to perform at a high level and attain their work goals to the extent that high performance and goal attainment allow them to obtain outcomes they desire.

A. B.F. Skinner's operant conditioning B. McClelland's needs C. Herzberg's motivator-hygiene D. Clayton Alderfer's ERG E. Victor H. Vroom's expectancy

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Frasier and Marcella, husband and wife, file separate returns. Frasier and Marcella live in a community property state that considers separate property income to be separate. Frasier's salary is $42,000 and Marcella's salary is $46,000. Marcella receives dividend income of $4,000 from stock inherited from her parents. Frasier receives interest income of $1,000 from bonds purchased with his salary after marriage. Frasier and Marcella receive $3,200 dividend income from stock they purchased jointly. Marcella's income would be

A. $50,000. B. $51,100. C. $50,100. D. $51,600.

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Identify the computer software utility that allows more data to be stored on a disk by substituting short code for frequently repeated patterns of data

A) file defragmentation B) data compression C) device drivers D) file conversion E) disk and data recovery

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