TRUE OR FALSE The change in Gross Income will have the same changes to Taxable Net Income because of their direct relationship. Cost of Equity by way of paying dividends, which is deductible from...

TRUE OR FALSE

1. The change in Gross Income will have the same changes to Taxable Net Income because of their direct relationship.


2. Cost of Equity by way of paying dividends, which is deductible from gross income.


3. Interest paid in advance for the amount borrowed by the business has no tax benefit.