Expenses incurred in the administration or general operations of the business.

A good method for holding down premiums on disability income protection is to

A) shorten the benefit period. B) reduce the monthly benefit. C) lengthen the elimination period. D) look for generally available federally-subsidized coverage.

With respect to inflation indexing, which statement is true?

A) The exemption allowance and the standard deduction are indexed. B) Allowable IRA contributions are indexed. C) The tax brackets are indexed. D) All items above are indexed.