Previously passing the massachusetts bar exam

Assignment Help Business Economics
Reference no: EM13831128

Anthony Antunicci, a Massachusetts lawyer, has tired of the long, cold New England winters. He recently spent three months in Florida where he took a Florida bar review course which enabled him to successfully pass the Florida bar exam. He has since opened a second law office in Coral Gables and plans to work in that office from January through March each year. His younger brother, Joey, will operate their Boston office in his absence.

Can Anthony deduct the cost of the Florida bar review course as an education expense since he has already established himself in the profession if being a lawyer by previously passing the Massachusetts bar exam?

•   You must cite at least one reference, e.g., IRC section,

•   You must cite more than one case,

•   You should note which database you used

Reference no: EM13831128

Questions Cloud

Famer develops and patents new method for growing corn : A famer develops and patents a new method for growing corn that decreases the cost of growing corn by $300 per acre. thereby increasing his profits from growing corn. According to ____principle. The farm argues that he should keep the entire $300 per..
Principle in economics : A Pizzeria owner discovers that he hisres an additional pizza cook . he can sell another 40 pizza a day. this is an example of the ____ principle in economics.
Describe the two major types of administrative agencies : Describe the two major types of administrative agencies: executive and independent. Why is it important to have independent agencies?
What is the price elasticity of labor supply : Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Previously passing the massachusetts bar exam : Anthony Antunicci, a Massachusetts lawyer, has tired of the long, cold New England winters. He recently spent three months in Florida where he took a Florida bar review course which enabled him to successfully pass the Florida bar exam. Can Anthony d..
What is the equilibrium quantity supplied and demanded : Suppose that the demand curve (hundreds) for apples is given by Qd = 140 - 5P, where Qd is the number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 5P, where Qs is the number of pounds pr..
Price elasticity of demand for two customer segments : KING Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, KING realizes the price of a Coach Seat should be $155 (one way). ..
Actual price level exceeds expected price level reflected : If the actual price level exceeds the expected price level reflected in long-term contracts, real GDP equals __________ and the actual price levels equals _________ in the short run. List three factors that can change the economy’s potential output. ..
Estimated the demand for cable television services : An economist has estimated the demand for cable television services in Eastern Pennsylvania, and has found the following elasticities: If the cable television company wants to increase revenues, it should increase price.

Reviews

Write a Review

Business Economics Questions & Answers

  What exchange is netflix listed

What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?

  Test the hypothesis that median family income increases

Test the hypothesis that median family income increases as the proportion of the labour force with high school education increases.

  Coupon bond with a face value-shares of a stock

An investment advisor has shown you two investments. Which investment would you recommend and why. Submit using a spreadsheet. Bond: Coupon bond with a face value of $50,000 that can be purchased today for $48,000 that matures in 5 years. Its annual ..

  Expected employment growth to raise market price of stocks

After rallying for the most of February to reach record highs late in the month, the S&P 500 stock indez fell sharply on Friday March 6 following news that the economy added 295,000 jobs, bringing the unemployment rate down to 5.5%. An analyst has be..

  What price will microsoft set for operating systems

Suppose the market for operating systems were perfectly competitive. What price would be charged? How many would be sold? Would the firms in this industry be profitable?

  Pursues an expansionary monetary policy

For each of the following events, describe the effects on the Canadian economy assuming that it is originally in long run equilibrium. For each, explain the short and long run effects in the context of an aggregate supply and aggregate demand diagram..

  Draw the real labor demand curve for each country

Draw the real labor demand curve for each country.

  Find the present value for each year if the interest rate

Find the present value for each year if the interest rate is 6% and then add them together for the total present value of future revenue.

  Draw the demand curve that must exist if consumers bear

Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market

  Particular emission abatement strategy

Consider the role of discount rates in problems involving long time horizons. Suppose that a particular emission abatement strategy would result in a 50 billion reduction in damages 50 years into the future. Calculate the maximum amount that could be..

  Events on the market for union labor

Explain the impact of each of the following events on the market for union labor. Union-produced TV and radio commercials convince consumers to buy domestically manufactured clothing instead of imported clothing.

  Held constant when one moves along a supply curve

Suppose that the supply curve in question 1 above product is given by P=12+(2/3)Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a supply curve?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd