The tax law encourages certain forms of fringe benefits by allowing employees to deduct the value of the benefit from gross income and allowing employers to exclude the cost.
Answer the following statement true (T) or false (F)
False
Employees exclude the value of the benefit from their gross income, and employers deduct the cost paid for the benefit.
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Firms that indulge in price fixing
A. decide how much to charge for a product. B. undercut the price quoted by a seller to a buyer. C. charge different prices to different customers. D. do not sell to two or more different buyers.
Identify the pricing strategy that is useful for preventing competitive entry
A) pricing to value B) investment pricing C) penetration pricing D) prestige pricing
What are the five conditions necessary for an act to be considered fraudulent?
Indicate whether the statement is true or false
The significance of oil's peak production is that:
A. oil companies will have to find new revenue services. B. it serves to spread the word that fossil fuels will deplete. C. China and India will need to modify their fuel consumption patterns with peak oil. D. it lets us know how much time we have to make the adjustment to renewables.