Which of the Following Statements Is False

question 6

Multiple Choice

Which of the following statements is false?

• A)Under the cash method,prepaid income such as rent is usually taxed when received rather than when earned.
• B)Municipal bond interest is taxable.
• C)Alimony received by the taxpayer is taxable.
• D)Income earned by selling goods on the Internet is taxable.

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Definitions:

Intensive Technology

Service technology that focuses the efforts and talents of many people to serve clients.

Flexible Manufacturing Systems

An approach to manufacturing that allows for the easy adaptation of production processes to changes in product type and quantity.

Flexibility

The ability to adapt or change according to different circumstances, requirements, or conditions, often considered a vital asset in both personal and organizational contexts.

Efficiency

The measure of how effectively resources are used to achieve a goal or outcome, with minimal waste of time, effort, and cost.