Taxpayers at all levels of income are eligible to claim a credit of at least 20 percent of qualified expenses for child and dependent care expenses.

Which of the following statements is TRUE?

A) Employers can never fire an employee who has a written contract B) Employers can only fire an employee for just cause C) Employers can fire employees for no reason but must pay compensation D) Employers can fire an employee who has an oral contract without paying compensation E) Employers must always use progressive discipline if an employee is acting in an inappropriate manner before they are fired

If an asset is sold for less than its book value, the loss on the sale may be used to offset ordinary operating income provided the asset is used in the business

Indicate whether the statement is true or false