What is linda allowed to deduct in 2009 for these expenses
Linda is self-employed and spends $600 for business meals and $400 for business entertainment in 2009. What is Linda allowed to deduct in 2009 for these expenses?
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Imagine that you were thinking of starting the following three kinds of businesses: a pizza delivery business, a biotechnology firm that would eventually manufacture and sell drugs to cure cancer, and a web page design business.
Peter operates a dental office in his home. The office occupies 250 square feet of his residence, which is a total of 1,500 square feet. During 2009, Peter pays rent for his home of $12,000, utilities of $4,800, and maintenance expenses of $1,200.
Suppose the president is attempting to decide whether the federal gov should spend more research to find a cure for heart disease. How should policy makers determine the amount of money that shou
How much may she deduct on Schedule A as a miscellaneous deduction, before considering the 2% of adjusted gross income limitation?
The income statement section of the work sheet of Smith Company for the year ended December 31, 2007, has $166,000 recorded in the debit column and $190,000 in the credit column on the line for the Income Summary account. What were the beginning b
The Federal Communications Commission imposes a regulation that prohibits all business persons from appearing in their own television commercials. A court is most likely to hold this regulation:
Discuss the concept of strict liability. Should this be applicable to businesses in product liability cases? Is this fair? What if a business is extremely cautious and yet a person is injured by the product. Why would it make sense to hold the bus
The product will earn future revenues of $4,000,000 over its 5-year life, as follows: 2008 - $1,000,000; 2009 - $1,000,000; 2010 - $800,000; 2011 - $800,000; and 2012 - $400,000. What portion of the $1,500,000 computer software costs should be exp
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An old, low quality, but free and interesting documentary: Zimbardo- Stanford Prison Experiment Documentary.