Which of the following is not includable in gross income for Federal income tax purposes?

Except for the amount of mortgage that may be assumed, as sale in New York State is subject to a transfer tax of

a. $0.55 per $500 or fraction thereof of the consideration paid. b. 1 percent on a sale of less than $500,000 c. 10 percent where the consideration is more than $1 million. d. $2 per $500 or fraction thereof of the Consideration paid.

Weighted moving average and exponential smoothing both account for trends in the data being forecasted

Indicate whether the statement is true or false