If your taxes due are greater than the amount you had withheld for the year, then you should expect a refund after you complete your federal income taxes.

The independence hypothesis suggests that the total market value of the firm's outstanding

securities is unaffected by its capital structure. Indicate whether the statement is true or false

Ursula, an employee of Ficus Corporation, is 35 years old and plans to retire in 20 years. The corporation has a qualified retirement plan and contributes $2,000 during 2016 for Ursula. How should Ursula treat the $2,000 contribution made on her behalf by the corporation?

a. The $2,000 and any earnings thereon must be included in Ursula's 2016 gross income. b. Only the earnings on the $2,000 contribution must be included in Ursula's 2016 gross income. c. Ursula is not required to include either the $2,000 contribution or the earnings thereon in her 2016 gross income. d. Ursula must include only $100 (1/20 of the $2,000 contribution) in her gross income for 2016, but the same amount must be included in gross income for the following 19 years. e. None of the above.