TRUE FALSE 1- A tax is an imposed amount collected only from individuals by the government (....) 2- Deductions are amounts that tax law specifically allows as subtractions from net income 3- According to the legislative grace concept, an expenditure is not deductible unless a specific provision of the tax law allows the item as a deduction (....) 4- Conduit entities are those that are liable for the payment of tax (....) 5. The basic difference between the two methods is the criteria used to determine the timing of the recognition of income and expenses (....) 6- A Revenue expenditure is any expenditure that benefits more than one annual accounting period (....) 7. According to Palestinian income tax law 8/2011, The actual training costs for employees that do not exceed (2%) of annual net income (...)