The measurement of defined benefit cost is usually made by a trustee.    a. TRUE   b. FALSE

Q: accounting income and taxable income?

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A:

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A: The correct answer is given in the following steps for your reference.

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Q: Which of the following is not an income for income tax purposes?

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Q: Distinguish among the vested benefit obligation, the accumulated benefit obligation, and the…

A: Vested benefit obligation (VBO) VBO is obtained as the present value of the benefit obligation which…

Q: Which of the following are the rights of agents: A Right of subsidy; right of support B Right of…

A:

Q: Elements of gross income

A: Option B is wrong because realized income is an element of gross income. Option C is wrong because…

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Q: It is the tax legislator who determines the value of the offer true Error 0

A: Value is determined as per law rules and regulations

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A:

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Q: Topic: Income Taxation Active incom

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A: True

Q: do not allo

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Q: Which if the following is not an inclusion in gross income?

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Q: Fringe benefit tax is computed based on the monetary value of the fringe benefit. a.true b.false

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A: Net capital gains is the gain that arises when the net long term capital gain is more than net short…

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Q: nagative externality can be internalized by a. taxation b. reqard c. subsidy d. none of the above

A: Correct option with proper explanation are as follows.

Q: The measurement of defined benefit cost is usually made by a trustee.  True or false?

A: Defined-benefit plan: It is an Employer-Sponsored Retirement Plan in which employee benefits are…

Q: Fringe benefit tax is computed based on the monetary value of the fringe benefit. TRUE OR FALSE?

A: Fringe benefit tax (FBT) is defined as the tax which employers pay on the benefits paid to the…

Q: (b) ( of taxation state? Briefly explain the major shortcoming of this principle. What does the…

A: According to the benefit principle of taxation, the government would be charged for employing all of…

Q: Which is correct?  a) The de minimis benefits not exceeding their thresholds are exempt from income…

A: Solution Explanation -Amounts exceeding their threshold are added to the 90000 threshold and amounts…