All of the following items are deductions for adjusted gross income except
A. trade or business expenses.
B. rent and royalty expenses.
C. state and local income taxes.
D. charitable contributions made.
Answer: C
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Amir Designs purchased a one-year liability insurance policy on March 1st of this year for $5,400 and recorded it as a prepaid expense. Which of the following amounts would be recorded for insurance expense and prepaid insurance during the closing process at the end of Amir's first month of operations on March 31st?
A) $5,400. B) $540. C) $450. D) $500.
. Illustrate how you would ensure that a brainstorming session is successful.
What will be an ideal response?
Directors can be liable for CPP, EI and taxes the corporation has not remitted to the government as well as workers' unpaid wages
Indicate whether the statement is true or false
Companies such as GM, GE, and Motorola have facilities in China and India mainly because of the ______.
a. tax incentives b. well-established Infrastructure c. lower labor costs d. availability of natural resources