The amount of a taxpayer's itemized deductions will increase the chance of being audited by the IRS
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: If the taxpayer has itemized deductions that are unusually large, the chances of being selected for audit increase.
Business
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Financial leverage is the degree to which a firm or individual utilizes ________
A) borrowed money to pay wages B) borrowed money to pay dividends C) borrowed money to magnify equity earnings D) borrowed money to diminish equity earnings
Business
Research shows that each hemisphere of the human brain processes information differently and that one side of the brain tends to be dominant over the other
Indicate whether the statement is true or false
Business