Because of the Taxpayer Relief Act entrepreneurs
a. cannot take a tax deduction for a home office if the business is very small.
b. may qualify for the tax deduction even if they use their home office mainly for administrative tasks.
c. will not qualify for the tax deduction if they use their home office mainly for administrative tasks.
d. will not qualify for the tax deduction if they are in a townhouse or condo.
b
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Most often, joint ventures involve ________ parties with each holding an equal percent ownership stake.
a) 6 b) 10 c) 2 d) 4
The co-insurance provision on homeowners' policies
A) is meant to eliminate homeowners claims for small losses. B) means that the homeowner will receive less than 100% reimbursement on all losses. C) implies that more than one insurance company may be responsible for the losses. D) provides an incentive for homeowners to insure their homes for 100% of replacement cost.