Rents, Salaries, Utilities, and Insurance Are Examples of Operating Expenses

question 132

True/False

Rents, salaries, utilities, and insurance are examples of operating expenses.

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Definitions:

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a tax authority.

Weekly Salary

The total amount of money earned by an employee for work done in a single week.

Fourth Of July

A holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.

Tourist Attraction

A place of interest visited by tourists for its cultural value, historical significance, natural or built beauty, or amusement potential.