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QUESTION 6 George recently paid $ 50.00 to renew his driver's license. This payment is considered a...

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Accounting

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

Answer & Explanation Solved by verified expert
3.7 Ratings (313 Votes)
Question 6 Answer FalsePayments for renewal of Drivers licence pets licence etc areconsidered fees and not as Taxes and they are not deductable fortaxes since the are for personal useQuestion 7 Answer FalseUnited States District court and United States Federal    See Answer
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