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Exam (elaborations)

CSLB LAW TEST EXAMPLES ACTUAL QUESTIONS AND ANSWERS

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CSLB LAW TEST EXAMPLES ACTUAL QUESTIONS AND ANSWERS

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CSLB Law And Business
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CSLB law and business








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Institution
CSLB law and business
Course
CSLB law and business

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Uploaded on
November 29, 2024
Number of pages
3
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • cslb law test examples actual questions and answer

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CSLB LAW TEST EXAMPLES ACTUAL QUESTIONS
AND ANSWERS 2024/2025 A+ GRADE.

fixedMcostsM-McorrectManswer-
CostMthatMdoesMnotMchange;Mex:Mrent,MmachineryMrepair,propertyMtaxes,MandMsalaryMofMtheMworkers


variableMcostsM-McorrectManswer-
CostsMthatMriseMorMfallMdependingMonMtheMquantityMproduced;MEX:McostMofMlabor,Melectricity,MheatingMbill
s,Mgoods,MpartMtimeMsalesman


SoleMproprietorshipM-McorrectManswer-BusinessMownedMandMmanagedMbyMaMsingleMindividual


GeneralMpartnershipM-McorrectManswer-
PartnersMinMaMgeneralMpartnershipMshareMequallyMinMbothMresponsibilityMandMliability


LimitedMpartnershipM-McorrectManswer-
OnlyMoneMpartnerMisMrequiredMtoMbeMaMgeneralMpartner;MonlyMoneMpartnerMhasMunlimitedMpersonalMliabilit
yMforMtheMfirmsMactions,MtheMotherMpartnerMcontributesMonlyMmoney


LimitedMLiabilityMPartnershipM-McorrectManswer-AllMpartnersMareMlimitedMpartners


TaxMreturnM-McorrectManswer-
AMformMusedMtoMfileMincomeMtaxes,MyouMdeclareMyourMincomeMtoMtheMgovernmentMandMfigureMoutMyourMt
axableMincome


TaxableMincomeM-McorrectManswer-AMpersonsMgrossMincomeMminusMexemptionsMandMdeductions


PersonalMexemptionM-McorrectManswer-
SetMamountsMthatMyouMsubtractMfromMyourMgrossMincomeMforMyourself,Mspouse,MandManyMdependents


DeductionsM-McorrectManswer-
VariableMamountsMthatMyouMcanMsubtractMorMdeductMfromMyourMgrossMincome;MEX:MinterestMonMmortgage,
MdonationsMtoMcharity,MmedicalMexpenses,MandMstateMandMlocalMtaxMpayments
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