Question
Question 32 2.5 Points Which of the following cannot be selected as a valid tax year end? A. January 31 st B. December 15 th
Question 32
2.5 Points
Which of the following cannot be selected as a valid tax year end?
A. January 31st
B. December 15th
C. The last Friday of the last week of June.
D. December 31st
E. A tax year can end on any of these days
Question 33
2.5 Poin
Francis works for a local fly fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year, Francis purchased one rod. The rod normally retails for $300, was purchased for $225, was sold to Francis for $250, and the employer's average gross profit percentage is 30 percent. What amount of the discount must be included in Francis' income?
A. $25.
B. $0.
C. $40.
D. Some other amount.
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