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John and Sue are married and filed jointly in 2011. AGI=$172000 They have the following deductible expenses after consideration of the 7.5% floor on medical expenses and the $100 per loss and 10% floor for casualty losses. Medical = $750 Casualty Loss = 900 Residence Interest = 20,000 Charitable Contributions = 11,000 State income taxes = 20,000 What is the amount of itemized deductions they may claim on their return?
for purposes of external reporting not-for-profits unlike governments in their governmental fund statements do not
accidents happen disasters happen the unfortunate happens-but do tax deductions for them happen?describe one basic
using high-low to calculate fixed cost calculate the variable rate and construct a cost functionpizza vesuvio makes
What is the amount of the annual depreciation and what is the book value at the end of the twenty-fourth year of use?
frieden companys contribution format income statement for the most recent month is given below sales 1189000 variable
nixon corporation was started on january 1 2012. the company entered into the following transactions during the year
The AICPA Code of Professional Conduct does not include enforceable Conduct Rules on Independence and integrity and objectivity. True/False? Why?
timberly construction negotiates a lump-sum purchase of several assets from a company that is going out of business.
the completion of a computer by first wireless inc. would require a debit to which of the accounts?an effective cost
Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was ..
you currently work for an automotive parts supply store. your company is growing and is considering expansion. the
1.on november 15 2010 betty corporation accepted a note receivable in place of an outstanding accounts receivable in
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