A state may impose a personal property tax.

a. true
b. false

Ans: a. true

Business

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A nondeductible floor of 2% of AGI is imposed on unreimbursed employee business expenses, investment expenses, and many other miscellaneous itemized deductions such as tax preparation fees.

a. true b. false

Business

The simplex method cannot be used to solve quadratic programming problems

Indicate whether this statement is true or false.

Business