McCoy paid a one-time special dividend of $3.20 on October 18, 2010. Suppose you bought McCoy stock for $47.00 on July 18, 2010, and sold it immediately after the dividend was paid for $62.93. What was your capital gain yield from holding McCoy?

Ordinary and necessary administration expenses paid by the fiduciary of an estate are deductible

A. Only on the fiduciary income tax return (Form 1041) and never on the federal estate tax return (Form 706). B. Only on the federal estate tax return and never on the fiduciary income tax return. C. On the fiduciary income tax return only if the estate tax deduction is waived for these expenses. D. On both the fiduciary income tax return and the estate tax return by adding a tax computed on the proportionate rates attributable to both returns.

Phone interviews are often used to screen candidates in order to narrow the pool of applicants who will be invited for in-person interviews

Indicate whether the statement is true or false