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dawns new car has a fmv of 20000 and it weighs 3000 pounds the county also assessed a property tax on the car the tax was 2 of its fmv and 10 per
prepare a 2012 schedule d including form 8949 and form 4797 based on the data providedprovide a memo summarizing any assumptions made if any you do
arnold and beth file a joint return use the following data to calculate their deduction for agimortgage interest on personal residence 4000property
miguel receives tangible personal property as an inheritance in 2011 the property was depreciated by the deceased miguels father and miguel will also
microrax company earned before-tax income of 960000 for its 2013 fiscal year during the year the company experienced a 605000 loss from earthquake
if daniels marginal tax rate is 35 percent and he has 115200 of other capital gains taxed at 15 percent what is the tax savings from the special tax
pension from former employer 39850interest income from alto nationl bank 5500 interest income on city of alto bonds 4500 dividends received from ibm
cecil c seymour is a 646-year-old widower he had income for 2013 as followspension from former employer 39850interest income from alto nationl bank
1 a company issues 10000 10 5 year bonds with semi annual paymentsprincipal amount face value matuity value or par value 10000stated or contract
bob and carl transfer property to stone corporation for 90 and 10 of stone stock respectively pursuant to a biding agreement concluded before the
lehman corporation purchased a machine on january 2 2011 for 2000000 the machine has an estimated 5-year life with no salvage value the straight-line
the following information is available for kessler company after its first year of operationsincome before taxes 250000federal income tax payable
tax liability calculationmorgan age 45 is single and provides more than 50 of the support of rosalyn a family friend flo a niece age 18 and jerold a
loni company paid 527000 for tangible personalty in 2011 and elected to expense 500000 of the cost the limited dollar amount for 2011 lonis taxable
marc and michelle are married and earned salaries this year of 64000 and 12000 respectively in addition to their salaries they received interest of
guay corp a start up company provided services that were acceptable to its customers and billed those customers for 350000 in 2012 however guay
1 ben lost his job when his employer moved its plant during the year he collected unemployment benefits for three months a total of 1800 while he was
use the following information to complete phillip and claire dunphys 2012 federal income tax return if information is missing use reasonable
wes and donna were the only members of an llc and they fended off unwated takeover suitors with a clause in the charter that shares could change
macy had a lot of medical expenses this year that were not covered by her insurance either due to a deductible co-insurance or co-pay her
aviss taxable income for the year is 300000 and bests taxable income for the year is 425000 for each of the scenarios provided a state if a control
assume that a large copy machine is being purchased by your employer the cost is 200000 the manufacturer claims it has a useful life of 8 years this