Which of the following is a true statement? -all business expenses are deducted for agi.-investment expenses are typically deducted for agi.-tax preparation fees are deducted for agi.-rental and royalty expenses are deducted for agi.-all of the choices are true.

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Describe how to write a main idea expressed as a bottom-line statement