Match Each Description to the Appropriate Term (A-D)

question 59

Multiple Choice

Match each description to the appropriate term (a-d) . Answers may be used more than once.
-Rent on office facilities

• A)Direct materials
• B)Selling and administrative expense
• C)Factory overhead
• D)Direct labor

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Definitions:

Government Budget

The financial plan of a government for a defined period, usually a year, detailing its projected revenues and expenditures.

Investment Tax Credit

A tax incentive that allows businesses to deduct a certain percentage of their investment in certain assets from their tax liability.

Deficit to Surplus

The process of turning a budget deficit into a surplus by increasing revenues, decreasing expenditures, or a combination of both.

Tax Laws

The legal rules and regulations governing how individuals and entities are taxed by governmental authorities.