subject
Business, 17.09.2019 19:20 nora45102p45bzz

Ndicate whether the following items are "included in" or "excluded from" gross income. a. during the year, that the taxpayer purchased stock as an investment which doubled in value. b. amount an off-duty motorcycle police officer received for escorting a funeral procession. c. while his mother was in the hospital, the taxpayer sold some of her jewelry at a gain to pay for the hospital bills. d. child support payments received. e. a damage deposit the taxpayer recovered when he vacated the apartment he had rented. f. interest received by the taxpayer on an investment in general purpose bonds issued by ibm. g. amounts received by the taxpayer, a baseball "hall of famer," for autographing sports equipment (e. g., balls and gloves). h. tips received by a bartender from patrons. (taxpayer is paid a regular salary by the cocktail lounge that employs him.) i. taxpayer sells his super bowl tickets for three times what he paid for them. j. taxpayer receives a new bmw from his grandmother when he passes the cpa exam.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:00
You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600
Answers: 2
question
Business, 22.06.2019 01:30
In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?
Answers: 1
question
Business, 22.06.2019 03:00
How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time
Answers: 1
question
Business, 22.06.2019 08:30
Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk
Answers: 3
You know the right answer?
Ndicate whether the following items are "included in" or "excluded from" gross income. a. during the...
Questions
question
English, 03.03.2021 16:20
question
Mathematics, 03.03.2021 16:30
question
History, 03.03.2021 16:30
Questions on the website: 13722360