User Account

All Pages

Calculate her net taxable income from the gambling joint

Assignment Help Financial Management
Reference no: EM132405109

Question

Dana, who around the city is generally referred to simply as "The Dane," runs an illegal gambling joint. Here are her income and expenses. Calculate her net taxable income from the gambling joint.

Gross Income/Sales $300,000

Expenses

Rent $30,000

Maintenance and Cleaning $6,000

Bribes to police and inspectors $20,000

Supplies $4,000

Food and drink costs $15,000

Accounting and Legal $10,000

Fines and penalties paid $8,000

Depreciation $10,000

Reference no: EM132405109

Questions Cloud

Child that was afflicted with cystic fibrosis : Judy and Jonathan, both seemingly healthy individuals, had a child that was afflicted with cystic fibrosis (an autosomal recessive disease).
Genotypes and phenotypes of alice mother and father : How did the physician know this? What are the genotypes and phenotypes of Alice's mother and father?
What would felix have to include in his gross income : How much of the $650 must Felix include in his gross income? If Kitty-Lit changed its policy so as to enable all employees to be covered at teice their annual.
Prepare the table that reports the gross margin ratios : Prepare the table that reports the gross margin ratios for J. Crew using the revenues and cost of goods sold data from J. Crew's income statement.
Calculate her net taxable income from the gambling joint : Dana, who around the city is generally referred to simply as "The Dane," runs an illegal gambling joint. Here are her income and expenses.
?how much was their child and dependent care tax credit : Gabe and Dana are married and file jointly. For 2019, Gabe earned $150,000 and Dana earned $20,000 working part time as a party planner.
How much is her self-employment tax for 2019 : BeBe is an attorney. She has a regular job for a large nonprofit agency for which she was paid $100,000 salary for 2019, which was subject to FICA.
Does the environment affect genetics : Does the environment affect genetics? Explain your findings. Please provide proper citations for your references, when using our text book
How do the linear chromosomes in eukaryotes : How do the linear chromosomes in eukaryotes ensure that its ends are replicated completely? Please provide proper citations for your references

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd