Which of the following is a true statement? a. for purposes of the deduction for educational interest, expenses do not include expenses for room, board and travel. b. for purposes of the deduction for educational interest, qualified education expenses are those paid for the education of the taxpayer, the taxpayer's spouse, or a taxpayer's dependent. c. the maximum deduction for interest expense on qualified education loans is $6,000.d. a penalty paid for prematurely withdrawing a certificate of deposit or similar deposit is deductible as an investment expense. e. all of these are false.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Which feature transfers a slide show into a word-processing document?

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.