ALL THESE QUESTION ARE TURE OR FALSE

21)Payments by employers of premiums on life insurance for employees are not taxable benefits.

22)When an employee pays all of the premiums for disability insurance coverage, the payments are not deductible and the benefits received are tax free.

23)Payments of premiums by employers to private health care service (PHSP) plans are not taxable benefits and are therefore any benefits received under such plans are tax free.

24)In calculating her minimum standby charge, the imputed interest from the loan is part of her operating costs.

25)In determining whether interest expense is deductible, the direct use to which the borrowed money is put is an important consideration.

26)For income tax purposes, premiums on debt obligations are amortized by the issuer as an adjustment of interest expense.

27)When a business incurs expenses that are unreasonable in the circumstances, the unreasonable portion of the expense cannot be deducted in the calculation of either accounting income or business income for income tax purposes.

28)There is no limit on the amount of the tuition credit that can be transferred to a spouse.