All of the Following Statements Are True EXCEPT

question 4

Multiple Choice

All of the following statements are true EXCEPT:

• A)a clutch replacement usually includes a new disc, release bearing, clutch cover, pilot bearing or bushing, and sometimes a flywheel and/or front transmission seal.
• B)asbestos fibers cannot pass through a regular vacuum bag.
• C)clutch parts are balanced at the factory while on the engine.
• D)always disconnect the battery ground cable before removing a transmission or transaxle.

Understand the tax principles related to employee discounts in restaurants and the specifics of calculating tax liability.

Grasp the concepts of income realization and the specific exclusions available concerning interest income from various sources.

Knowledge of when to report income based on the cash receipts and disbursements method.

Recognize the tax implications of bartering services and the determination of taxable income in bartering transactions.