Tuesday, July 21, 2015
Sunday, July 19, 2015
Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamelastarted a new restaurant and to establish goodwill, paid off the debts of $100,000 of Green Restaurant. She was under no obligation to do so. The $100,000 is
Pamela was an officer in Green Restaurant which subsequently went
bankrupt. Pamelastarted a new restaurant and to establish goodwill, paid
off the debts of $100,000 of Green Restaurant. She was under no
obligation to do so. The $100,000 is:
Answer: capitalized now because the expenses are not ordinary. No future amortization is permitted.
Answer: capitalized now because the expenses are not ordinary. No future amortization is permitted.
Alan, who is a security officer, is shot while on the job. As a result, Alan suffers from a leginjury and must spend most of his time in a wheelchair until his recovery. Alan's physicianrecommends that he install a whirlpool bath in his home for therapy. During the year, Alanmakes the following expenditures:Wheelchair $ 800Whirlpool bath 2,000Maintenance of the whirlpool 250Increased utility bills associated with whirlpool 450Entrance ramp, various home modifications 4,200A professional appraiser tells Alan that the whirlpool has increased the value of his home by $1,000. Alan's deductible medical expenses (before considering limitations based on AGI)will be
Alan, who is a security officer, is shot while on the job. As a result,
Alan suffers from a leginjury and must spend most of his time in a
wheelchair until his recovery. Alan's physicianrecommends that he
install a whirlpool bath in his home for therapy. During the year,
Alanmakes the following expenditures:Wheelchair $ 800Whirlpool bath
2,000Maintenance of the whirlpool 250Increased utility bills associated
with whirlpool 450Entrance ramp, various home modifications 4,200A
professional appraiser tells Alan that the whirlpool has increased the
value of his home by $1,000. Alan's deductible medical expenses (before
considering limitations based on AGI)will be:
Answer: $6,700
Answer: $6,700
In 2011, Charlie filed his 2010 state income tax return and paid taxes of $800. Also in 2011,Charlie's employer withheld state income tax of $750 from Charlie's salary. In 2012, Charliefiled his 2011 state income tax return and paid an additional $600 of state income tax. Howmuch state income tax can Charlie deduct on his 2011 federal income tax return for stateincome tax
In 2011, Charlie filed his 2010 state income tax return and paid taxes
of $800. Also in 2011,Charlie's employer withheld state income tax of
$750 from Charlie's salary. In 2012, Charlie filed his 2011 state income
tax return and paid an additional $600 of state income tax. Howmuch
state income tax can Charlie deduct on his 2011 federal income tax
return for state income tax?
Answer: $1,550
Answer: $1,550
Thursday, May 7, 2015
Accounting for Governmental & Nonprofit Entities 16e Test Bank & Solutions Manual
Accounting for Governmental & Nonprofit Entities, 16e Test Bank & Solutions Manual
You are purchasing the solutions manual and test bank for Accounting for Governmental & Nonprofit Entities. ISBN 978-0-07-811093-1
This in not the book, this is the test bank AND solutions to the the book for $45.00
You are purchasing the solutions manual and test bank for Accounting for Governmental & Nonprofit Entities. ISBN 978-0-07-811093-1
This in not the book, this is the test bank AND solutions to the the book for $45.00
$45.00 Instant download.
Wednesday, April 29, 2015
Distinguish between program services expenses and supporting services expenses. Why is it important that NFPs report expenses for program services separately from those for supporting services?
Distinguish
between program services expenses and supporting services expenses. Why
is it important that NFPs report expenses for program services
separately from those for supporting services?
IRC Sec. 527 includes such organizations as political action committees, political parties and political campaigns. In fact, Sec. 527 organizations are considered tax-exempt under the IRC. Campaign finance laws typically have an impact on Sec. 527 organizations. As a result of such laws, organizations that meet the definition of a political organization are required to notify the IRS that they wish to be considered a Sec. 527 tax-exempt organization. Additionally, Sec. 527 NFPs must periodically complete Form 8872, notifying the IRS of the names and addresses of persons contributing more than $200 to the NFP, and those persons receiving more than $500 from the NFP.
IRC Sec. 527 includes such organizations as political action committees, political parties and political campaigns. In fact, Sec. 527 organizations are considered tax-exempt under the IRC. Campaign finance laws typically have an impact on Sec. 527 organizations. As a result of such laws, organizations that meet the definition of a political organization are required to notify the IRS that they wish to be considered a Sec. 527 tax-exempt organization. Additionally, Sec. 527 NFPs must periodically complete Form 8872, notifying the IRS of the names and addresses of persons contributing more than $200 to the NFP, and those persons receiving more than $500 from the NFP.
Monday, March 2, 2015
The KEY to Hitting 6 Figures a Year…
Want to be 300% more productive? Sound impossible?
How different would your home business, and lifestyle be if you were that much more productive?
I just watched a video where a high six-figure earner reveals 23 Tips on becoming more productive…and these are SOLID tips. Not the same old stuff that you can see everywhere...
For instance, one tip he gives involves using a simple object that you have probably at arms length RIGHT NOW and can increase your productivity by 50% or more…
Go check it out yourself and you’ll be on YOUR way to becoming 300% more productive for your business and your life…
CLICK HERE TO WATCH…
= => http://Empower.NataliaStorm.com
How different would your home business, and lifestyle be if you were that much more productive?
I just watched a video where a high six-figure earner reveals 23 Tips on becoming more productive…and these are SOLID tips. Not the same old stuff that you can see everywhere...
For instance, one tip he gives involves using a simple object that you have probably at arms length RIGHT NOW and can increase your productivity by 50% or more…
Go check it out yourself and you’ll be on YOUR way to becoming 300% more productive for your business and your life…
CLICK HERE TO WATCH…
= => http://Empower.NataliaStorm.com
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