Friday, October 11, 2013

Accounting

-25, Dent has the following rental income: (1) Rent standard in January 2011, but due in December 2010- $5,000 (2) Rent authentic in January 2011, not due until January 2012. -$ 4,000 Total rental income $9,000. 4-32, (a) Does not generate income (b) Is not treated as alimony, because the house fees do not end on death (C) Generates a appraise revenue import of $1,500 per month for Arnold and income to Barbara of $1,500 per month. The child support portion of the payment is not impose deductible nor is it included in the bring in income of the recipient. 5-26, For his investment, he should choose the bonds for industrial development for mass pass and the able veterans mortgage bonds. The bonds for industrial development for mass jump atomic number 18 considered municipal bonds and are tax exempt. The interest on fit veterans mortgage bonds is also exempt.
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6-29, Salaries and payment to employees $400,000- allowable Purchase of unfermented office building $250,000- Deductible capital expenditure that has an amortized ordinary life Payment of set fines $1,400-Non-Deductible a non-business expense Payment of spousal relationship expenses $16,000-Non-Deductible a non-business expense Entertainment expenses $25,000-Deductible at 50% according to the IRS, hobby on money borrowed $9,000-Non-Deductible money used to purchase tax exempt securities 6-34 A. $675,000 is claimable as a tax deduction for allowance account and wage expenses. B. 41,850+9,788= $51,638 is deductible as a tax expense.If you condemn to get a full essay, order it on our website: OrderEssay.net

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