Gerald wants to find out the net income of his business for the last quarter. he deducts the cost of goods sold from the revenue earned during that period and then deducts the operating expenses from the gross profit. if gerald decides to subtract the salary of his employees from the operating expenses before deducting the operating expenses from the gross profit, which expenses would he be deducting?

Bruce matthews played football for the tennessee titans. as part of his contract, he agreed to submit any dispute to arbitra- tion. he also agreed that tennessee law would determine all matters related to workers' compensation. after matthews retired, he filed a workers' compensation claim in california. the arbitrator ruled that matthews could pursue his claim in california but only under tennessee law. should this award be set aside?