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Prepare my return taking my son & daughter as exemptions. I file Head of Household. She graduates during the year. So I decide to see what effect it would have on my return if I did not claim her as an exemption, but let her claim herself on her own return. I remove her as an exemption on my return and my taxable income decreases by $3,950, as it should. But I still owe the same tax. The amount of tax I owe did not change. Why is that?
a general motors executive is considering how to price the 2013 chevy volt electric car in order to maximize profits
explain the factors that should be considered when applying the conventional concept of depreciation to the
During 2010, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?
Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.
indicate whether each of the items listed below would be included i in or excluded e from gross income for the 2013 tax
nutall corporation is considering dropping product n28x. data from the companys accounting system appear
adjusting entries are required at the end of the period to ensure that accrual accounting principles are applied. the
some time ago julie purchased eleven acres of land costing 14090. today that land is valued at 33909. how long has she
mike purchases a heavy-duty truck 5-year class recovery property for his delivery service on april 30 2012. the truck
the financial statements for a company included the following information common stock 1750000 retained earnings 950000
Madtack applies manufacturing overhead cost to jobs at the rate of 55% of direct labor cost incurred. The company does not close underapplied or overapplied manufacturing overhead to Cost of Goods Sold until the end of the year.
At January 1, 2011, a company had a net valuation allowance account credit balance for investments in securities available-for-sale of $20,000. At December 31, 2011, the total cost of the relevant portfolio was $300,000, and total market value was..
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