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 TEST EXAMPLES ACTUAL QUESTIONSAND 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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