A Revenue Ruling is a judicial source of Federal tax law.

Answer the following statement true (T) or false (F)


False

Rationale: A Revenue Ruling is an administrative source of tax law.

Business

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Typical person spokespeople do not have the name recognition of celebrities, and as a result, advertisers often use multiple sources within one advertisement to build credibility

Indicate whether the statement is true or false

Business

Donna, age 50, is single and earns $40,000 annually. She is covered under her employer's retirement plan. Donna would like to start a traditional IRA and contribute $4,000 this year

Which of the following describes her ability to establish a traditional IRA and the tax treatment of her contribution? A) Her contribution is fully tax deductible. B) Her contribution is partially tax deductible. C) No portion of the contribution is tax deductible. D) Donna is not eligible to establish a traditional IRA, so no contribution can be made.

Business

Users in a data mart obtain data that pertain to a particular business function from a ________

A) data room B) data center C) datasheet D) data warehouse

Business

When both the demand and lead time of a product are variable, firms keep a higher safety stock level when compared to variations in only the demand or only the lead time

a. True b. False Indicate whether the statement is true or false

Business