If an Employer Insists That an Employee Move from New

question 63

True/False

If an employer insists that an employee move from New York to California, all direct and indirect costs incurred by the taxpayer and paid by the employer would result in no income to the employee.

---

Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted but before deducting interest and taxes.

Planning Budget

A budget prepared for a specific level of activity; it outlines the expected revenues, expenses, and resource requirements for that activity level.

Tenant-Days

A metric used in property management to represent the total number of days in a period that rental units were occupied.

Net Operating Income

The income generated from normal business operations, calculated by deducting operating expenses from gross profit.