QUESTION 6
George recently paid $ 50.00 to renew his driver's license. Thispayment is considered a tax.
True
False
QUESTION 7
Because the United States District Court knows a broader set ofcases, decisions of the United States District Court may beconsidered to have a more authoritative weight than the UnitedStates Federal Claims Court.
True
False
QUESTION 8
Corporations are required to file a tax return only if theirtaxable income is greater than:
a-$ 0
b-$ 1,000.
c-$ 600.
d-$ 750.
e-None of those.
QUESTION 9
The future value can be calculated as Future Value = Present Value/ (1 + r) n.
True
False
QUESTION 10
The conversion strategy takes advantage of the fact that tax ratesvary according to different activities.
True
False
