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John and Sue are married and filed jointly in 2011. AGI=$172000 They have the following deductible expenses after consideration of the 7.5% floor on medical expenses and the $100 per loss and 10% floor for casualty losses. Medical = $750 Casualty Loss = 900 Residence Interest = 20,000 Charitable Contributions = 11,000 State income taxes = 20,000 What is the amount of itemized deductions they may claim on their return?
transactions for fixed assets including salethe following transactions adjusting entries and closing entries were
there were 8000 workers in a factory on 1st january 2012. new entrants in service during the year were 400 and leaves
allegiance inc. has 129000 of inventory that suffered minor smoke damage from a fire in the warehouse. the company can
Waco keeps 10% of the next months sales as ending inventory. How many units should Waco produce during June?
find the lump sum deposited today that will yield the same total amount as payments of 18000 at the end of each year
Faye owns the land on which Golden Spurs Ranch is situated, plus the ranch house, barn, and other structures permanently attached to the land. Faye's brother Huey owns everything else in the ranch's operation--livestock, feed, and so on. The perso..
question 1 what is the purpose of arranging an income statement to show subtotals for income from continuing operations
The ending inventory balance of $412,000 included $43,000 ofconsigned inventory for which Gotham was the consignee. Based on this information, the correct balance for ending inventory on December 31 is:
During 2010, one of the customers of Klote company declared bankruptcy. This customer had been a major purchaser of Klote's products and had owed $40,000 on account to Klote (a material portion of its receivables) at the time of bankruptcy.
immediately prior to the process of liquidation partners micconiccum and orwell have capital balances of 70000 20000
the little rock division of classics companies currently reports a profit of 3.7 million. divisional invested capital
schedule of activity costs quality control activities activity cost process audits 55000 training of machine operators
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