In the following independent situations, is the tax position of the taxpayer likely to change? explain why or why not. john started renting out a spare room in his home. theresa quit her job as a staff accountant and established her own practice as a cpa. paul’s employer transferred him from its california office to an office in florida.

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

marketing strategies should be established before marketing objectives are decided. t/f

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?