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Question - Tom works two part-time jobs while going to school. He works at a clothing store because he is allowed a 30 percent discount on his clothes purchases and a cellular phone store that allows him a 50 percent discount on his cell phone service. During the year, he purchases clothes valued at $1,000 for $700. The store marks up its clothes 100 percent. He pays $240 ($20 per month) for his discounted cell phone service. How much income in addition to his salaries must he report for these fringe benefits?
Prepare Monty's 2017 journal entries. To record amortization of profit on sale use Depreciation Expense account (DEA) and not Sales Revenue account.
Silver Shades corporation disposes of a capital asset with an oringial cost of 115000 and accumulated depriciation of 62500 for a salvage price of 18000. Silver Shades tax rate is 30%. Calculate after tax cash inflow from the disposal of the capit..
Find a web site that produces a large amount of dat a. Investigate caching by running fetchall twice in succession to see whether the rep orted time changes much. Do you get the same content each time? Modify fetchall to print its output to a file..
In 2010, Richard, a single taxpayer, has adjusted gross income of 40,450. His AGI includes $4000 of qualified dividends. Richard has no dependents and does not itemize deductions. What is his 2010 federal income tax?
1. would you rather have a savings account that paid 4 percent interest compounded on a monthly basis or one that
What is the amount of his self-employment tax (Social Security and Medicare taxes) liability for the current tax year
Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a longterm note payable.
Below are descriptions of gang development theories. Copy and paste the correct description into the table below next to the appropriate theory. There are five descriptions and four theories. One description is not valid.
bella lugosi holdings inc. blh has collected the following operating information below for its current months
transactions for pops company for 2011 were as followsa. the owners started the business as a corporation by
The bond can be called in 9 years. The call premium is one year of coupon payments. Compute the bond's current yield
Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $25,000. The land, acquired in 1984, had an allocable basis of $40,000. Larry has additional parking across the street and plans to use t..
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