Faye has sold illegal drugs. On her personal home computer, she has kept records of
the sales along with a detailed accounting of her profits.
When she doesn't complete her
income taxes on time, her home is raided and the computer is seized pursuant to a valid
search warrant. The information on her computer is privileged under the Fifth
Amendment and may not be used against her.
a. True
b. False
b
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On a projected income statement, a business owner's target income is the sum of a reasonable salary for the time spent running the business and a normal return on the amount the owner has invested in it
Indicate whether the statement is true or false