Dale received $1,000 in 2017 for jury duty. In exchange for regular compensation from her employer during the period of jury service, Dale was required to remit the entire $1,000 to her employer in 2017. In Dale's 2017 income tax return, the $1,000 jury duty fee should be
a. Claimed in full as an itemized deduction.
b. Claimed as an itemized deduction to the extent exceeding 2% of adjusted gross income.
c. Deducted from gross income in arriving at adjusted gross income.
d. Included in taxable income without a corresponding offset against other income.
Ans: c. Deducted from gross income in arriving at adjusted gross income.
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Which of the following statements best describes the possibilities for small businesses in global markets?
A. Small businesses have little chance of competing against giant multinational corporations in global markets. B. Small businesses already dominate global business. In fact, most multinational corporations are actually quite small. C. Small businesses are often better prepared to enter global markets than large, bureaucratic corporations.
In reporting group differences to clients, marketing researchers often construct a group comparison table that summarizes the significant differences in an efficient manner
Indicate whether the statement is true or false