Calculate the amount of dougs deductible expenses

Assignment Help Financial Accounting

Reference no: EM13753093

Doug incurred and paid the following expenses during the year :

$50 for a ticket for running a red light while he was commuting to work

$100 for a ticket for parking in a handicapped parking space

$200 to an attorney to represent him in traffic court as to the two tickets

$500 to an attorney to draft an agreement with a tenant for a one year lease on an apartment that Doug owns

$1000 to an attorney to negotiate a reduction in his child support payments

$2500 to an attorney to negotiate a reduction in his qualified alimony payments to a former spouse

Calculate the amount of Doug's deductible expenses

Reference no: EM13753093

Questions Cloud

Explain the significance of the causes of the cold war : Explain the Significance of The causes of the Cold War, The Civil Rights Movement, The Vietnam War, The Women's Rights Movement and The conservative revolution of the 1980s.

Balance in the overhead account at the end of the period : If you were the company's controller, would you want a debit balance, a credit balance, or no balance in the Overhead account at the end of the period?

Expand your skills on the internet as a freelancer : Employment Communication-Freelance. Expand your skills on the Internet as a freelancer, a contractor, or a "micropreneur.

Product cost of producing one tire and the entire order : ZZ Tire Company has gotten an order for its manufacturing business segment of 25,000 tires. Using job order costing, figure out the total unit cost of manufacturing a tire and the total order. What is the product cost of producing one tire and the en..

Calculate the amount of dougs deductible expenses : Doug incurred and paid the following expenses during the year : $50 for a ticket for running a red light while he was commuting to work, $100 for a ticket for parking in a handicapped parking space, Calculate the amount of Doug's deductible expenses

Propose two techniques that changing economic and social : Examine the extent to which the two (2) similar companies you researched have addressed the key issues you selected. Hypothesize two (2) potential positive outcomes for each company if each addresses the key issues

An individual employees productivity level is influenced : An individual employee's productivity level is influenced by a number of factors including those within the control of the organisation and those unique to a particular individual. Describe briefly FIVE factors unique to a particular individual that ..

Determine the performance of a web site or specific page : One way to determine the performance of a Web site or specific page is to create a goal within a Google Analytics account. A goal is a page on your Web site that is considered to be a conversion

Record impairment of the goodwill : Waters Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill of $400,000. The Johnson Division's net assets, including the goodwill, have a carrying amount of $800,000. The recoverable amount of the division is estimate..

User Account

All Pages