Katie donates blood to a hospital on a regular basis (3 times a week). For each donation, she receives $175. She pays $20 in bus fare for each donation. Also, she spends about $135 per month for vitamins and regular doctor's checkups to safeguard her health in order to make such frequent donations. Katie has no other sources of income. What are the tax consequences of Katie's blood donations?

How do communism and socialism differ in terms of the role that government plays in the economy ?

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease