Amit lists his gross salary in the income portion of his income and expense statement, and he includes his income taxes and Social Security taxes in the expenses portion.
Answer the following statement true (T) or false (F)
True
Rationale: When making your list of expenses for the year, remember to include the amount of income tax and Social Security taxes withheld from your paycheck as well as any other payroll deductions (health insurance, savings plans, retirement and pension contributions, and professional/union dues). See 2-3: The Income and Expense Statement: What We Earn and Where It Goes.
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How should salespeople bring a sales call to a close?
What will be an ideal response?
The principle of reanalysis requires the entrepreneur to categorize his or her tasks by their degree of importance and then to allocate time to tasks based on this categorization.
Answer the following statement true (T) or false (F)
Which of the following is correct regarding the characteristics of a corporation?
a. A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause. b. The Fifth Amendment provisions against self-incrimination protect a corporation. c. A corporation is protected by the Fourth Amendment's provision against unreasonable searches and seizures. d. A corporation is considered a person within the meaning of the Fourteenth Amendment's equal protection clause and is also protected by the Fourth Amendment's provision against unreasonable searches and seizures.
Which of the following is least likely to be covered under your homeowners' policy?
A) Liability for minor damage in an automobile accident B) Liability while doing occasional babysitting C) Liability for a minor delivering newspapers D) Liability for accidents others have while on your property