A corporation has a $40,000 credit balance in the Income Tax Payable account. Period end information shows that the actual liability is $47,000. The company should record an entry to debit Income Tax Expense for $7,000 and credit Income Taxes Payable for $7,000.
Answer the following statement true (T) or false (F)
True
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Bowden is a single individual and has the following income (loss) for the current tax year: Salary$85,000 Dividends and interest24,000 Actively managed rental property(23,000) ? What is Bowden's adjusted gross income for this year?
A. $85,000 B. $86,000 C. $88,500 D. $89,500 E. $109,000
What type of challenge occurred when the problem employees encountered was identified and the leader selected a workable solution?
A. an adaptive challenge B. a technical challenge C. a technical and adaptive challenge D. a non-challenge
Which of the following is among the things that a plaintiff must show in order to establish a prima facie case of disparate treatment in a pretext case?
a. proof that the employer intended to discriminate b. proof that the employer's stated motive is not credible c. statistical evidence of discriminatory effects d. all of the above e. none of the above
Which of the following statements best explains the iceberg principle?
A. Good performance in some areas may hide poor performance in other areas if only averages are evaluated. B. Several salespeople in a sales force usually meet their quotas, while many others don't. C. Ten percent of a firm's customers usually account for 90 percent of its sales. D. Many salespeople don't make their quotas because they only try to sell to large customers. E. Most consumer decisions are at the 90 percent preconscious level.