Reductions from gross income for such items as individual retirement account contributions and alimony payments will result in

A) adjusted gross income.
B) taxable income.
C) earned income.
D) passive income.
E) total exclusions.

Answer: A) adjusted gross income.

Business

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For a company operating in multiple international locations, customizing product offerings in each different product market can result in which of the following?

a. an increase in production and distribution costs b. greater scale economies and learning curve effects c. lower costs d. more effectively matching the tastes and preferences of local buyers

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Which of the following will be debited to the Manufacturing Overhead account of a watch manufacturer?

A) office telephone costs B) salaries paid to accountants C) factory electricity costs D) cost of printing brochures

Business