Accounting

-25, Dent has the following rental income: (1) Rent standard in January 2011, but due in December 2010- $5,000 (2) Rent acquire in January 2011, not due until January 2012. -$ 4,000 Total rental income $9,000. 4-32, (a) Does not generate income (b) Is not treated as alimony, because the house earningss do not end on death (C) Generates a revenue enhancement 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 revenue deductible nor is it included in the make income of the recipient. 5-26, For his investment, he should choose the bonds for industrial development for mass transportation and the able veterans mortgage bonds. The bonds for industrial development for mass infiltrate atomic number 18 considered municipal bonds and are taxation exempt. The interest on fit veterans mortgage bonds is also exempt.

6-29, Salaries and remuneration 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, spare-time activity 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 requital and wage expenses. B. 41,850+9,788= $51,638 is deductible as a tax expense.If you luck to get a full essay, order it on our website: OrderEssay.net

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