a. First proclamation is bogus while second explanation is valid. b.

First articulation is valid while second

explanation is bogus.
C. The two assertions are valid. d. The two assertions are bogus.
10. ABC Corporation took two protection approaches covering the existence of its President, Mr. X. In
one approach, the recipient is the company to make up for its normal misfortune in the event of death of
its leader. The other approach assigned Mr. X's better half as its permanent recipient.
Question 1 - Are the protection expenses paid by ABC Corporation in the two strategies
deductible? Question 2 - Will the protection continues be treated as pay subject to burden by the
organization and by the spouse?
a. No to first question and Yes to second question
b. No to the two inquiries
C.
Indeed to first question and No to second question
d. Indeed to the two inquiries
11. Articulation 1. Terrible obligation is a cost in the books of records when an arrangement is made for
it. Explanation 2. Awful obligation is an allowance from the gross pay when the record is
discounted.
a. The two assertions are valid.
b. The two assertions are bogus.
C. The principal articulation is valid while the subsequent assertion is bogus. d. The primary assertion is
bogus while the subsequent assertion is valid.