Soon after the birth of the NCAA in 1905, the Association determined its organizational structure for schools dividing them up into Division I, Division II, or Division III membership status.

Woodburg, Inc., has domestic production gross receipts (DPGR) of $200,000. His total expenses include $100,000 of cost of goods sold and $40,000 of other expenses. The portion of cost of goods sold and other expenses that are allocable to domestic production is 60%. Woodburg's taxable income is $150,000, and the W-2 wages allocable only to qualified production activities income for 2016 are equal to $240,000. What is Woodburg's deduction for income attributable to domestic activities?

a) $10,440 b) $13,500 c) $18,000 d) $10,800

Two of the four basic contract requirements are agreement and signatures of the parties

Indicate whether the statement is true or false