Pamela Was an Officer in Green Restaurant Which Subsequently Went

question 134

Multiple Choice

Pamela was an officer in Green Restaurant which subsequently went bankrupt.Pamela started a new restaurant and,to establish goodwill,paid off the debts of $100,000 of Green Restaurant.She was under no obligation to do so.The $100,000 is

• A)deductible currently as an itemized deduction.
• B)capitalized because the expenses are not ordinary.
• C)deductible currently as a trade or business expense since the expenses are considered ordinary and necessary business expenses.
• D)None of the above.

Distinguish between just cause for termination and situations where dismissal is due to operational requirements.

Know the obligations of employees in terms of gathering information and soliciting customers before and after termination.

Recognize the rights and duties of unionized employees, including picket line protocols during strikes.

Understand the rights and legal mechanisms available to employees in cases of constructive dismissal.