Which of the following is a true statement?
A. Insurance premiums are not deductible if paid for "key-employee" life insurance.
B. One-half of the cost of business meals is not deductible.
C. Interest expense is not deductible if the loan is used to purchase municipal bonds.
D. All of these choices are true.
E. None of the choices are true.
Answer: D
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Income tax expense in interim reporting should:
a. be based on the quarterly income only. b. contain a judgment estimation of the annual effective tax rate. c. be based on the income year-to-date. d. exclude extraordinary items in earlier quarters of the year. e. disregard year-end adjustments.
CASE 5.3 O'Shea v. Welch (2003) involved a question of whether Welch, an employee, was acting within the scope of his employment when he struck O'Shea's car. How did the court find and why?
a. The court found that as a matter of law the employee was not acting within the scope of his employment because he was involved in a frolic of his own. b. The court found that as a matter of law the employee was not acting within the scope of his employment because he was involved in a detour. c. The court found that as a matter of law the employee was acting within the scope of his employment because he was involved in only a detour, not a frolic on his own. d. The court found that the jury should determine whether the employee was acting within the scope of his employment during the time period at issue.
It is not necessary to prove intentional discrimination to prevail in a disparate impact case
a. True b. False Indicate whether the statement is true or false
Companies can develop a reputation as a trusted industry expert by posting news, white papers, and reports using LinkedIn.
Answer the following statement true (T) or false (F)