Previously passing the massachusetts bar exam

Assignment Help Business Economics
Reference no: EM13831128

Anthony Antunicci, a Massachusetts lawyer, has tired of the long, cold New England winters. He recently spent three months in Florida where he took a Florida bar review course which enabled him to successfully pass the Florida bar exam. He has since opened a second law office in Coral Gables and plans to work in that office from January through March each year. His younger brother, Joey, will operate their Boston office in his absence.

Can Anthony deduct the cost of the Florida bar review course as an education expense since he has already established himself in the profession if being a lawyer by previously passing the Massachusetts bar exam?

•   You must cite at least one reference, e.g., IRC section,

•   You must cite more than one case,

•   You should note which database you used

Reference no: EM13831128

Questions Cloud

Famer develops and patents new method for growing corn : A famer develops and patents a new method for growing corn that decreases the cost of growing corn by $300 per acre. thereby increasing his profits from growing corn. According to ____principle. The farm argues that he should keep the entire $300 per..
Principle in economics : A Pizzeria owner discovers that he hisres an additional pizza cook . he can sell another 40 pizza a day. this is an example of the ____ principle in economics.
Describe the two major types of administrative agencies : Describe the two major types of administrative agencies: executive and independent. Why is it important to have independent agencies?
What is the price elasticity of labor supply : Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Previously passing the massachusetts bar exam : Anthony Antunicci, a Massachusetts lawyer, has tired of the long, cold New England winters. He recently spent three months in Florida where he took a Florida bar review course which enabled him to successfully pass the Florida bar exam. Can Anthony d..
What is the equilibrium quantity supplied and demanded : Suppose that the demand curve (hundreds) for apples is given by Qd = 140 - 5P, where Qd is the number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 5P, where Qs is the number of pounds pr..
Price elasticity of demand for two customer segments : KING Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, KING realizes the price of a Coach Seat should be $155 (one way). ..
Actual price level exceeds expected price level reflected : If the actual price level exceeds the expected price level reflected in long-term contracts, real GDP equals __________ and the actual price levels equals _________ in the short run. List three factors that can change the economy’s potential output. ..
Estimated the demand for cable television services : An economist has estimated the demand for cable television services in Eastern Pennsylvania, and has found the following elasticities: If the cable television company wants to increase revenues, it should increase price.

Reviews

Write a Review

Business Economics Questions & Answers

  How can managers deal with these problems

How can managers deal with these problems? If a US corporate headquarters asks a manager to offer kickbacks or other bribes, what are the options?

  Monopoly equilibrium in absence of rate of return regulation

The VIU has convinced the public utility commission (PUC) that it is a natural monopoly and thus it has been granted an exclusive franchise to produce electricity. What is the competitive equilibrium in the absence of rate of return regulation? What ..

  Write a strategic form also find optimal strategy of player

There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.

  Q1 were past societies in human history more ecological

q1. were past societies in human history more ecological than our society today? what is the most ecological society

  Determine the accumulated savings in this account

Suppose that $2700 is set aside each year and invested in a savings account that pays 10% intrest per year, compounded continuously. Determine the accumulated savings in this account at the end of year 24

  Identify and discuss two ways that a business could reduce

Aside from retail sales and marketing, identify and discuss two ways that a business could reduce costs or increase profits by using the Internet or Web applications.

  Compute the nash equilibrium

Assume two firms, A and B, serve a market with demand D(p) = 100 minus (p). Also assume that (i) firms compete for market share (quantity competition) and (ii) firm A has cost function cA(Q) = 2Q and firm B has cost function cB(Q) = Q. Describe this ..

  Illustrate what would happens to the equilibrium price

Illustrate what would happens to the equilibrium price and quantity. The widget firm in Springfield is competitive,with numerous buyers and sellers.

  Illustrate the effect of captial formation by production

Illustrate the effect of captial formation by comparing the production possibilty curves, at the present time and ten years in the future, for two economies.

  Monitoring temperatures during transit

Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be wi..

  Draw shift in supply and demand for private equity capital

Why are there extreme disparities in performance among private equity funds relative to disparities in performance among other asset classes and how would you go about improving your performance?

  What is the equation for the chunzheng''s long-run

Given your results from above, what is the equation for the Chunzheng's long-run total cost curve as a function of quantity Q. How much does it cost to produce 27,000 units?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd