Reference no: EM131116104
Tax accounting
Assignment length: prepare a report of 450-600 words.
You just hired a former individual tax preparer to be in your tax accounting department. While she has a degree in taxation, all her experience has focused on individual returns.
To make sure she completely understands the differences between individual and business tax accounting, you ask her to review some of the materials from her college courses in taxation.
You have asked her to prepare a report of 450-600 words on the following topics:
• Specifically, how the treatment of the following items differs between individual and business income tax accounting:
1. depreciation
2. double taxation
3. dividends
• Using the following information for b and c, create a brief numerical result demonstrating the impact of different tax treatment for individuals versus businesses.
2. For b, assume taxable income of a corporation is $100,000 and it subsequently pays out $100,000 in dividends to all its shareholders.
3. For c, assume a corporation gets dividends of $10,000 from another company, and it happens to be in the 34% tax bracket versus an individual in any bracket.
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Prepare carows journal entries
: Carow Corporation purchased, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, Inc. for $65,118, which provides a 6% return. The bonds pay interest semiannually.
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Did john jones violate client confidentiality
: Did John Jones violate client confidentiality? What is your opinion? Your well-written paper must be 2-3 pages, in addition to title and reference pages.
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Pollutants that destroy the ozone layer
: In easy to understand language identify at least two pollutants that destroy the ozone layer. Discuss the origination of these pollutants and a plan for reduction.
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Identify the empirical formula of the new oxide
: A 12.37 g sample of Mo2O3(s) is converted completely to another molybdenum oxide by adding oxygen. The new oxide has a mass of 13.197 g. Add subscripts below to correctly identify the empirical formula of the new oxide.
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How the treatment of the depreciation and dividends differs
: Specifically, how the treatment of the following items differs between individual and business income tax accounting: depreciation, double taxation and dividends.
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The purchase of the investment
: Use the information from BE17-1, but assume the bonds are purchased as an available-for-sale security. Prepare Garfield's journal entries for
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Ionizing radiation source
: At a distance of 42ft, an ionizing radiation source delivers 3.0rem of radiation. How close could you get to the source and still have no biological effects?
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Why government imposes taxes on gasoline
: You need to present a detailed analysis on why Government imposes taxes on gasoline. You may also want to talk about Correcting Negative Externalities.
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Easy to understand language two safety
: Describe in straight-forward easy to understand language two safety issues that arise with nuclear fission AND two safety issues that arise with nuclear fusion AND what kinds of conditions are needed to start these reactions.
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