(Show all work) True-False 1 pt ea Taxes are determined from earnings in sole proprietorships and partnerships on personal income taxes \\( \\mathrm{T} / \\mathrm{F} \\) LCCA is a process of evaluating the economic performance of a building over its entire life and balances initial monetary investment with the long-term expense of owning and operating the building. T/F Corporation profits are taxed before any dividends are distributed to owners who in turn declare the dividend as income on their personal taxes. T/F Construction companies have many expenses that are directly incurred in the physical construction of projects. Other expenses are required to support construction and provide for the management of site activities and for company administration. These are categorized as direct and indirect expenses T/F Deductions allow companies to reduce the amount of income subject to taxation. T/F