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1. A worker hired by the federal government in 2016 is covered under FICA. True or false? Why? 2. For cost centers, cost overruns are

1. A worker hired by the federal government in 2016 is covered under FICA. True or false? Why?

2. For cost centers, "cost overruns" are expected if they are coupled with commensurate gains in revenue and profitability.True or false? Why?

3. According to the clean surplus accounting, ending book value of equity equals beginning book value plus earnings. True or false? Why?

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