Corporations have a larger standard deduction than individual taxpayers because they generally have higher revenues.
Answer the following statement true (T) or false (F)
False
Corporations do not have standard deductions.
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A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost of this merchandise is:
A. $4,075.00. B. $4,000.50. C. $3,925.00. D. $3,995.00. E. $3,725.00.
Which of the following opinions would a proponent of act utilitarianism hold about decision making in ethical dilemmas?
a. Intuition and personal feelings should guide decision making in cases of dilemmas. b. The fairest alternative must be chosen for a dilemma under any circumstance. c. The alternative that benefits the most people should be chosen even if it means breaking laws. d. All individuals have a duty to adhere to laws and standards set by government and nongovernment agencies.
Identify the science historian who wrote that science progresses via a never-ending series of “paradigms.”
a. Paul Feyerabend b. Thomas Kuhn c. George Sarton d. Karl Popper
Which of the following statements about markups is true?
A. It's easier for a producer to administer the prices consumers pay for products if the markup used varies from one intermediary to the next. B. The lower the markup, the lower the profit. C. A firm can lose money even when using a high markup. D. Markup percentages are computed as a percentage of the cost of the product. E. None of these statements is true.