Casey Currently Commutes 35 Miles to Work in the City

question 29

Multiple Choice

Casey currently commutes 35 miles to work in the city. He is considering a new assignment in the suburbs on the other side of the city that would increase his commute considerably. He would like to accept the assignment, but he thinks it might require that he move to the other side of the city. Which of the following is a true statement?

• A) Casey can deduct moving expenses if the distance between his current residence and his new assignment is at least 50 miles.
• B) If Casey's move qualifies for the moving expense deduction, he can deduct the cost of meals while en route to his new residence.
• C) To qualify for a moving expense deduction the new commute from Casey's current residence would need to be a minimum of 85 miles.
• D) If Casey's move qualifies for the moving expense deduction, he can deduct half the cost of meals while en route to his new residence.
• E) All of the above are false.

Distinguish between pseudoscience and legitimate scientific inquiry.

Understand the goals of behavioral science (description, prediction, determination of causes, explanation).

Recognize cognitive biases and their impact on perceptions and conclusions.

Identify the influence and implications of scientific research on society and policy.

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Definitions:

Internal Auditors

Professionals who conduct audits within an organization to evaluate its various operations and controls for efficiency and compliance.

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation's stock and options exchanges.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, management of financial risks, and financial reporting.