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### Chapter 3 Fall 11

Course: ACCT 403, Fall 2011
School: South Carolina
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Word Count: 272

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Tax Stewart I - Chapter 3 Annuity Example Fixed Term George invests \$6,000 and will receive \$1,000/year for 10 years. What amount is excludable each year from Georges income? Exclusion ratio? Exclusion each year? Gross Income each year? 1 Stewart Tax I - Chapter 3 Annuity Example Annuity for Life A taxpayer, age 59, invests \$24,800 that will pay him \$200 per month for life. How much is excludable from...

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Tax Stewart I - Chapter 3 Annuity Example Fixed Term George invests \$6,000 and will receive \$1,000/year for 10 years. What amount is excludable each year from Georges income? Exclusion ratio? Exclusion each year? Gross Income each year? 1 Stewart Tax I - Chapter 3 Annuity Example Annuity for Life A taxpayer, age 59, invests \$24,800 that will pay him \$200 per month for life. How much is excludable from & includible in gross income? (Table on page 3-12) Monthly Exclusion? Excluded per year? Gross income/year? What if TP lives longer than 310 months? What if TP lives only 200 months? 2 Stewart Tax I - Chapter 3 Modified AGI Example A single taxpayer received \$3,000 in Social Security payments & \$2,000 of tax exempt interest. Her AGI without the SS is \$30,000. Modified AGI? Tier One Example What is the taxable portion of her \$3,000 Social Security income? Lesser of: SSI (Mod AGI Base Amount) 3 Stewart I Tax - Chapter 3 Example for Tier Two If a single taxpayer receives Social Security of \$12,000 and has AGI of \$50,000 before SSI: Modified AGI? Taxable SSI? Lessor of 1 or 2 1. 85% SSI 2. A + B A. 85% Mod AGI Base Amt B. Lesser of (1) or (2) (1) Tier 1 inclusion amount (1/2 SSI) (2) \$4.5K unmarried or \$6K MFJ 4 Stewart Tax I - Chapter 3 Alimony VS Child Support Example Which is better to receive - \$7,500 of child support or \$9,000 of alimony if MTR is: 15% MTR ATB (After Tax Benefit) C Support: Alimony: 30%MTR (ATB) C Support: Alimony: 5 Stewart Tax I - Chapter 3 Installment Sale Example L sells investment land w/ \$20,000 basis in 2008 for \$50,000 w/ payment to be received as follows: \$10,000 in 2008 & \$20,000 in 2009 & 2010. How much income is reported in 2008, 09 & 10? Gross profit = Gross profit % = 08 income? 09 & 10 Income? What election could be made? Why? 6
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South Carolina - ACCT - 403
ACCT 403CHAPTER 14 FALL 2011BUSINESS ENTITIES - OPERATIONS AND DISTRIBUTIONSPart 1 OperationsI.Sole ProprietorshipsA.II.Since we have extensively covered sole proprietorships in other chapters, we will not cover them inthis chapter (pages 2-4).P
South Carolina - ACCT - 403
ACCT 403CHAPTER 13 FALL 2011BUSINESS ENTITIES - GENERAL DIFFERENCESI.Types of Entity and Nontax FactorsA.Types of Entities1.Sole Proprietorshipsa.Defined as an unincorporated business with one owner.b.The companys revenue and deductions are re
South Carolina - ACCT - 403
ACCT 403CHAPTER 10 - COST RECOVERY DEDUCTIONSFall 2011I.Capital Expenditure Versus Current ExpenseA.General Concepts1.If tax rates do not change, the present value of tax savings resulting from a deduction isgreater the sooner it is deductible.a
South Carolina - ACCT - 403
ACCT 403CHAPTER 12 FALL 2011NONTAXABLE TRANSACTIONSI.Sale of Personal Residence.A.Taxpayers may exclude up to \$250,000 of gain, [\$500,000 for taxpayers filing a joint return]on the sale of their principal residence.1.If a single taxpayer who othe
South Carolina - ACCT - 403
Chapter 121. The basis of replacement property in a nonrecognition transaction is the adjusted basis ofthe property received less any deferred gain.ANS: FPTS: 1DIF: EasyNAT: AICPA Measurement | AACSB AnalyticOBJ: 32. The mechanism for effecting a
South Carolina - ACCT - 403
Chapter 121. The basis of replacement property in a nonrecognition transaction is the adjusted basis ofthe property received less any deferred gain.2. The mechanism for effecting a deferral in a nonrecognition transaction is an adjustmentof the replac
South Carolina - ACCT - 403
1. The earlier the depreciation deduction can be taken, the greater the present value of the taxsavings will be to the taxpayer.ANS: TPTS: 1DIF: EasyNAT: AICPA Measurement | AACSB AnalyticOBJ: 22. While Congress has enacted several different deprec
South Carolina - ACCT - 403
1. The earlier the depreciation deduction can be taken, the greater the present value of the taxsavings will be to the taxpayer.2. While Congress has enacted several different depreciation methods, all currently owned assetsare depreciated using the me
South Carolina - ACCT - 403
CHAPTER 31. Rachael purchased 300 shares of Smelt, Inc. stock for \$25 per share. At the end of the year,the stock price has risen to \$30 per share. Rachael does not recognize taxable income eventhough there has been a \$1,500 increase in wealth.ANS: T
South Carolina - EDEC - 250
EDEC 250Fall 2010The Artsin the Play Centered CurriculumChapter TenGraphic artConstructionPoetryStory-tellingMusicDanceDramaSupporting Play in the ArtsBalancing spontaneous and guided playSpontaneous play needs sufficient time and opportunit
South Carolina - EDEC - 250
EDEC 250Fall 2010Sciencein the Play Centered CurriculumChapter Ninelearning about the world and how things workScientific ProcessesObservingDescribingComparingQuestioningCollectingOrganizing dataCommunicating with othersInterpreting results
South Carolina - EDEC - 250
EDEC 250Fall 2010Language, Literacy, and PlayChapter Eightplay provides the motivating context for the literate behaviors that precede thedevelopment of more specific literacy skillscommunication is necessary for playplay itself is a form of commun
South Carolina - EDEC - 250
EDEC 250Fall 2010Mathematicsin the Play Centered CurriculumChapter SevenPhysical knowledgeInformation gained from our sensesSocial knowledgeInformation learned directly from others(i.e.,) number name seven, sept, metric systemLogical-mathematica
South Carolina - EDEC - 250
EDEC 250Fall 2010Interactions with ChildrenChapter FiveScaffolding PlayThrough the learning environmentRoom arrangementMaterials and equipmentDaily ScheduleThrough teacher interactionHow muchWhat kindHow longINDIRECTSetting the StagePhysica
South Carolina - EDEC - 250
EDEC 250Fall 2010Setting the StageChapter FourOrganizing for Learning CentersMake Your Classroom Work for Your Students, and Work for YouLet the room speak for youSet clear boundaries for centersAllow easy access to materialsMaximize spaceUse mo
South Carolina - EDEC - 250
EDEC 250Fall 2010Play as the Cornerstone of DevelopmentChapter Threeplay is valuable in and of itselfAn instrumental focus . . . the central role of play in constructing and consolidating particular knowledge, skillsand competenciesSymbolic Thought
South Carolina - EDEC - 250
EDEC 250Fall 2010The Development of PlayChapter TwoConstructivism children bring their prior knowledge and experience (schema) to eachsituation, and build on that adding or modifying. Learning occurs when childrenact on information to make it their
South Carolina - EDEC - 250
EDEC 250Fall 2010PLAYat the Center of the CurriculumAssessment - Chapter SixObserving &amp; Recording Childrens LearningFACTSSeeHearTasteSmellTouchINTERPRETATIONThinkBelieveSeemsMeansSample Anecdotal Record11/5/0X DwightDwight is at the tab
South Carolina - EDEC - 250
EDEC 250Fall 2010PLAY - at the Center of the CurriculumA Play-Centered CurriculumChpt OneA play centered curriculum is not laissez fairePlay is the central force in childrens developmentPlay centered curricula require highly competent, committed te
South Carolina - EDPY - 401
11/13/2011From Behaviorism .Stimulus-ResponseSome Learning Theory CommonalitiesTo Cognitivism .To Constructivism .Mental structuresand processesConstruction of knowledge,scaffolding1.2.3.4.5.Learners progress through stagesMaterial should
South Carolina - EDPY - 401
Following Best PracticesClassroom Instruction That Workso Based on current researchIdentifying similarities and differencesSummarizing and note takingo meta-analysis of 2,455 studies pertaining toinstructional practicesReinforcing effort and provid
South Carolina - EDPY - 401
11/26/2011EDPY 401 AgendaNov. 28More on Classroom AssessmentStandardized TestsNext Class: Lesson Plan Analysis andAssessment Plan Analysis due&gt;1500 wordsApply SPECIFIC CONCEPTSInformal AssessmentsAssessing Student Learning Types of Assessment
South Carolina - EDPY - 401
11/26/2011What is Assessment?Assessing Learning after TeachingQuestions about Lesson Plan andAssessment Analysis (due Nov 30)Uses of Assessment DataDiagnosisPlacementGuidance and counselingAdmissionsCertificationPurpose of Classroom Assessment
South Carolina - EDPY - 401
The Gestalt PrinciplesGestalt is a psychology term which means &quot;unified whole&quot;. It refers to theoriesof visual perception developed by German psychologists in the 1920s. Thesetheories attempt to describe how people tend to organize visual elements into
South Carolina - EDPY - 401
MetacognitiveSkills1Metacognitionreferstolearners'automaticawarenessoftheirownknowledgeandtheirabilitytounderstand,control,andmanipulatetheirowncognitiveprocesses.2Metacognitiveskillsareimportantnotonlyinschool,butthroughoutlife.Forexample,Mumford(1986
South Carolina - EDPY - 401
10/30/2011The Brain and LearningMythsTHE RELEVANCE OF BRAIN RESEARCHPHYSIOLOGY OF THE BRAINBrain Structure and FunctionBrain DevelopmentBrain Activity during LearningEDPY 401-P connections project due.Submit (a) the typed final form of yourclass
South Carolina - EDPY - 401
10/24/2011Assumptions of theInformation ProcessingApproach Cognitive processes influence learning. People are selective about what they payattention to and learn. Meaning is personally constructed by thelearner and is influenced by prior knowledge
South Carolina - EDPY - 401
AcronymActivation levelAttentionAutomatic processingAutomaticityCentral executiveChain mnemonicChunkingConceptual knowledgeDecayDeclarative knowledgeEffortful processingElaborative rehearsalEncodingEpisodic bufferEpisodic knowledgeExplicit
South Carolina - EDPY - 401
10/4/2011*One of the only theories that extendsover the entire lifespan**Focuses on the social elements thatinfluence individual development*During each stage an individual facesnew psychological and social challengecalled a psychosocial crisis*
South Carolina - EDPY - 401
10/2/2011Language Development &amp;DiversityLanguage DevelopmentReceptive languageVerbal Spoken and WrittenListening comprehensionNon verbalExpressive languageVerbal Spoken (holophrases,telegraphic speech)WrittenNext Class 10/5ReadText: pp. 47 (
South Carolina - EDPY - 401
9/27/2011Next ClassUNIT 2COGNITIVE DEVELOPMENT~BEHAVIORAL MOD.PROJECT~PIAGETMore about Behavioral Mod. AssignmentTarget behavioral goal (for yourself ofsomeone else)The GOAL is a set of target behaviorsList 3 target behaviors for the goal you w
South Carolina - EDPY - 401
LANGUAGE DEVELOPMENTKEY CONCEPTSActive listening: listening in a non-defensive way and responding by clarifying the messagerather than criticizingArticulation disorder: a speech disorder diagnosed when a familiar adult cannot understand achilds speec
South Carolina - EDPY - 401
SOCIAL, EMOTIONAL, AND MORAL DEVELOPMENTKEY CONCEPTSAndrogynous: Having both masculine and feminine characteristics.Commitment: Making decisions about areas of ones life such as educational and career goals,family obligations or goals, as well as poli
South Carolina - EDPY - 401
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South Carolina - EDPY - 401
9/13/2011Albert Banduras(1960s +) SocialLearning Theory (also called SocialCognitive Theory)Todays AgendaApplications of conceptsTalk about readings Reciprocaldeterminism Self-regulation Self-efficacyNEXT CLASS Synthesis of Unit 1 Catch up on
South Carolina - EDPY - 401
8/28/2011Research Methods ReviewNEXT CLASSText: pp. 21 1st half of p. 29Behavioral Consequences 1 (in Module 1 and lecturenotes). Classical conditioning.Concepts you NEED TO KNOW AND BE ABLE TO APPLY TOA SCENERIO:Types of Research:Quantitative: d
South Carolina - EDPY - 401
Next Class: Mon. Sept. 12 Text: pp. 138-158 &quot;Can students be paid to excel?&quot; School-wide programs for good andreducing bad behaviorInstrumental Learning- Thorndike:Cat in the box experiment. Whathappened ? Optional: Your idea for your behaviormod
South Carolina - EDPY - 401
NEXT CLASSMore on Environmental Influences:Behavioral Theories of LearningAgendaClassical ConditioningOperant Conditioning Positive reinforcement examples Negative Reinforcement University Good and bad discipline - (click on the hyperlinks onthe
South Carolina - EDPY - 401
South Carolina - EDPY - 401
Behavioral Consequences III1Thecommonesttechniqueofcontrolinmodernlifeispunishment.Thepatternisfamiliar:ifamandoesnotbehaveasyouwish,knockhimdown;ifachildmisbehaves,spankhim;ifthepeopleofacountrymisbehave,bombthem.(Skinner,1953,p.182)Asstatedabove,t
South Carolina - EDPY - 401
South Carolina - EDPY - 401
Unit 1 Test: Introduction to Research MethodsEnvironmental Influences on the Learner and Learning50 pts. total (40 objective items, 2 open-ended questions)Key Concepts: Research (~15 items) &amp; Bronfenbrenners Theory (~ 5 items)Research ethicsQuantitat
South Carolina - EDPY - 401
Formative Test 1On Test 1, you will demonstrate your ability to apply your knowledge of concepts you have read about and discussed duringclass since the beginning of the semester. The items on this formative test are parallel to actual test items in ter
South Carolina - FINA - 363
Version AFINA 363 Fall 2011 Exam 11. Choose the version of this exam. The version of the exam is found at the top of this page.(a) Version A(b) Version B(c) Version C(d) Version D(e) Version E2. You are considering a 6 percent coupon bond. When th
South Carolina - FINA - 363
Chapter 6 Homework Solutions26. A.J. is the vice president for Keane Products, a marketing consulting firm.On a business trip to New York City, he meets with three executives fromKeanes top account. After the meeting, A.J. takes them to dinner and then
South Carolina - FINA - 363
Formulas:Future value:FV = PV(1 + i)nF V IFi;n = P VPresent value:PV = FVP V IFi;n =P V IFi;n =FV(1 + i)n1(1 + i)nNon-annual compounding:FV = PV1+immnEective Annual Interest Rate:Ef f:Int:Rate =1+imm1Present value of an (ordinary
South Carolina - FINA - 363
FormulasPrice of an n-period coupon bond (P M T : coupon; F V : face value; y : yield to maturity):!nX PMTFV+P0 =nt(1 + y )t=1 (1 + y )^Fair value of a stock (Dt : expected amount of dividend at t; r is the stock required rate of return):sP
South Carolina - FINA - 363
1Version BFINA 363 Spring 2011 Exam 21. Choose the version of this exam. The version of the exam is found at the top of this page.(a) Version A(b) Version B(c) Version C(d) Version D(e) Version E2. You own a portfolio that has \$1; 600 invested in
South Carolina - FINA - 363
Formulas:Future value and present value:nFV = PV(1 + i) ;PV =FVn(1 + i)Non-annual compounding and eective annual interest rate:FV = PV1+immn;Ef f:Int:Rate =Present value and future value of an (ordinary) annuity:()11 (1+i)nPV = PMT;
South Carolina - IBUS - 301
IBUS 301 FALL 2011MIDTERM EXAMDUE OCTOBER 23, 2011InstructionsSHORT ANSWERS: 1-2 sentences for each bulletESSAY QUESTIONS: 2 pages per questionFormat: 12 font 1.5 space 1.0 margins - do not deviate from these guidelinesElectronic delivery in the Bl
South Carolina - IBUS - 301
THE INTERNATIONAL COUNTRY RISK GUIDE(ICRG) MODELCountry Risk ManagementICRG MODEL Created in 1980 by editors of International Reports, a finance andeconomics newsletter CIA prototype: bimonthly classified risk report 1992: ICRG integrated into PRS
South Carolina - IBUS - 301
A FINAL LOOK AT GLOBALIZATIONSTILL ALL ABOUT MATERIAL GOODSGlobal trade in agricultural productsGlobal trade in agricultural productsFuels and mining productsFuels and mining productsmanufacturesmanufacturesWhos online?EVERYBODYS GONE SURFIN WOR
South Carolina - IBUS - 301
IBUS 301 FALL 2011FINA EXAMDUE DECEMBER 7, 2011 AT 11:59, 2011InstructionsSHORT ANSWERS: 1-2 sentences for each bulletESSAY QUESTIONS: 2 pages per questionBONUS QUESTION: work through the full country risk modelFormat: 12 font 1.5 space 1.0 margins
South Carolina - IBUS - 301
INTERNATIONAL TRADE RELATIONSIBUS 301 FALL 2011 - A.PERRI1VIDEO1 THE ROUTES OF TRADEIBUS 301 FALL 2011 - A.PERRI2POST WORLD WAR II IMFBrettonWoods, 1944HavanaCharter, 1947World BankInternational TradeOrganizationWorld TradeOrganization, 19
South Carolina - IBUS - 301
Differences in economic systemsSeptember 13,2011Forces of Globalization(according to Friedman )The fall of the Berlin wallThe InternetWorkflow softwareUploadingOutsourcingForces of Globalization(according to Friedman )OffshoringcontinuedSupp
South Carolina - IBUS - 301
THE IMPACT OF CULTURE ON BUSINESSAlessandro PerriBACK TO ETHOCENTRISMARE THESE PRACTICES UNIVERSAL ?ARE THEY EQUALLY WELL RECEIVED AROUND THE WORLD?DO THEY MEAN THE SAME THING TO ALL PEOPLE?MBO Management by ObjectivesTQM Total Quality ManagementJ
South Carolina - IBUS - 301
What is developmentThe Liberal v. Structuralist Perspectives on DevelopmentInfluence of the Structuralist PerspectiveThe NICs and Current Thinking on DevelopmentInterchangeable TermsDevelopedUnderdevelopedAdvanced DevelopedLess-DevelopedCountries
South Carolina - IBUS - 301
South Carolina - IBUS - 301
A closer look into developmentOoopsPRODUCTIVITY
South Carolina - IBUS - 301
DEFINITIONS: GDPGDP: GROSS DOMESTIC PRODUCTThe total market value of all final goods andservices produced in a country in a givenyear,equal to total consumer, investment andgovernment spending, plus the value ofexports,minus the value of importsD
South Carolina - IBUS - 301
FOR THOSE WITH LAPTOPS http:/www.google.com/publicdata/directoryDeveloping Regions MakeUp an Increasing Share ofWorld Population.WORLD POPULATION (IN BILLIONS): 1950-2050Source: United Nations Population Division, World Population Prospects: The 200