Shanna, a calendar year and cash basis taxpayer, rents property from janice. as part of the rental agreement, shanna pays $8,400 rent on april 1, 2018, for the 12 months ending march 31, 2019.

a. how much is shanna’s deduction for rent expense in 2018?
b. assume the same facts, except that the $8,400 is for 24 months’ rent ending march 31, 2020. how much is shanna’s deduction for rent expense in 2018?

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Money from an allowance or job is known as .

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.