As a rule of thumb, how often should an entrepreneur reevaluate her compensation package? Every month Every 6 months Every 12 months Every 18 months Question 2 (3.333333333 points) Saved A tax year you choose, other than the calendar year, is known as a(n) 18 bonus year. fiscal year. unspecified year. arbitrary year. The general expenses necessary to run the business are called operating expenses. annual projections. 10-year forecasts. profits. 12 Question 4 (3.333333333 points) Saved Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in her home office. Which of the following is true? She can deduct her mileage for driving from her home to her office at the professional suite. She can deduct her home office expenses. She can't deduct her home office expenses. She can write off all of her lunch-time meal expenses. 7 18 accounting is the process of allocating all costs associated with a sale as being direct or indirect. Accrual O Cost Tax Inventory 12. Question 6 (3.333333333 points) Tax planning ahead of time is an example of procrastination micromanagement. macromanagement. operating expenses. 18