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Question 1: Allison lives in a community property state with her two children (ages 9 and 11). She has be separated from her husband for more than a year. The portion of her husband's earned income that is income to Allison (under community property laws) is $15,292. Allison's earned income is $12,000. Allison also received Unemployment compensation of $780. For earned income credit purposes, what is Allison's earned income?
a) 27,292
b) 12.000
c) 12,780
d) $28,072
1 for the year 2012 luda corp a cal year business had the following transactionstaxable income 4200000excess intangible
Fielder co obtained land by issuing 2,000 shares of its 10 par value common stock. The land recently appraised at 85,000 the common stock is actively traded at 40 dollars per share. Prepare journal entries to record acquisition of the land.
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