Which of the following is NOT true about Tata Nano?
A) Its cost is three times India's annual per capita income.
B) It targets the 7 million Indians who buy scooters and motorcycles every year.
C) It has a negative stigma attached to it because it is considered a "cheap" car.
D) It has received positive feedback for reminding people of the tuk-tuk.
E) Some target customers were intimidated by Tata's showrooms.
D
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Sally's adjusted gross income is $38,000.00. She does not own a home but has charitable contributions of $1,500.00 and interest on her car of $2,100.00. This year she also had medical expenses of $2,000.00. She is allowed a standard deduction of $5,950.00 and one personal exemption of $3,800.00. What is Sally's taxable income?
A. $28,250.00 B. $29,200.00 C. $38,000.00 D. $31,300.00
A(n) _______________ is a decrease in net assets to generate revenue.
a. asset b. liability c. revenue d. expense e. common stock